Evernorth Slaps Down a $1B SPAC Filing, XRP Ledger Goes "Nice."

XRP treasury wrangler Evernorth has officially lobbed its S-4 registration statement into the SEC's inbox, a move that basically means it's trying to get hitched with a Special-Purpose Acquisition Company in a deal pegged at a cool $1 billion. The filing, which you can find over at theblock.co, is the formal equivalent of putting a ring on it, marking the next bureaucratic step toward closing this SPAC marriage. Beyond the eye-popping valuation and the mountain of standard regulatory confetti, no other spicy details were served up.

This power play by Evernorth highlights that the crypto-treasury crowd still has a serious taste for these billion-dollar SPAC sandwiches, even while the rest of the market nervously side-eyes the regulatory horizon like it's a sleeping bear.