Evernorth completes merger with Armada Acquisition Corp II, lists on Nasdaq as XRPN
XRPN•Evernorth completed its business combination with Armada Acquisition Corp. II, bringing about 473 million XRP into the public company and generating about $300 million in gross cash proceeds before transaction expenses; shares are set to begin trading on Nasdaq on Oct. 12, 2026, under XRPN.
1. Merger closes
Evernorth completed its business combination with Armada Acquisition Corp. II, taking the XRP-focused treasury company into public markets. At closing, Evernorth held about 473 million XRP, and the deal delivered about $300 million in gross cash proceeds before transaction expenses. Shares are set to begin trading on Nasdaq on Oct. 12, 2026, under the ticker XRPN.
