Evernorth, a company backed by Ripple, is one step closer to listing on Nasdaq after receiving U.S. SEC clearance for its merger with a shell company. The merger sets up a shareholder vote scheduled for Sept. 30 and would result in the firm trading under the ticker symbol XRPN.
Both outlets report that the SEC has cleared the required paperwork, moving the transaction toward completion. They also note that Evernorth holds an XRP position, and reference that the value of that XRP stash appears to be below the price the company paid when it acquired it. Beyond the listing timeline and ticker, the sources emphasize different aspects: one focuses on the corporate process leading to the vote and Nasdaq listing, while the other highlights the status of the XRP holdings in relation to acquisition costs.
