Evernorth updates SEC filing for $1B XRP treasury

Ripple-backed Evernorth Holdings has amended its SEC registration statement after finalizing employment terms for three senior executives as it works toward a Nasdaq listing and a planned $1 billion public XRP treasury. Summary Evernorth filed Amendment No. 5 to its Form S-4 registration statement with the SEC. Three executives secured employment agreements, including equity awards worth up to $4.5 million. Evernorth plans to merge with Armada Acquisition Corp II and trade on Nasdaq under XRPN. Falling XRP prices reduced the company’s combined holdings to approximately $640 million. Evernorth adds three executive agreements to SEC filing Evernorth disclosed new employment agreements for chief legal officer Jessica Jonas, chief business officer Sagar Shah and chief operating officer Meg Nakamura in its latest filing with the U.S. Securities and Exchange Commission. Each executive is eligible for an annual bonus equal to 50% of their base salary. The compensation packages also include restricted stock units and employee benefits, according to the amended Form S-4. Jonas would receive an initial equity award valued at approximately $4.5 million. Shah and Nakamura would each receive an...