News linked to both this project and an event.
According to a PR Newswire report, digital asset treasury company Evernorth Holdings Inc. announced on October 9, 2026, the completion of its business combination with Armada Acquisition Corp. II, with shares set to officially begin trading on Nasdaq on October 12 under the ticker XRPN. At the time of listing, the company holds approximately 473 million XRP and has raised approximately $300 million in cash proceeds, backed by investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR. Positioned as an actively managed XRP treasury company, Evernorth plans to drive growth in XRP's per-share value through institutional and DeFi yield strategies, ecosystem participation, and capital markets activities, while providing capital support for infrastructure such as on-chain credit markets and tokenized assets. The company is expected to ring the Nasdaq closing bell on October 14.
Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.
According to The Block, Evernorth Holdings, an XRP treasury company, announced that its S-4 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC) has officially become effective. The registration covers Evernorth's business combination with SPAC Armada Acquisition Corp. II, after which it is expected to commence trading on Nasdaq under the ticker symbol "XRPN". The S-4 document registers up to 34,499,992 shares of Class A common stock and 11,499,992 warrants. Positioned as a regulated digital asset treasury company, Evernorth focuses on XRP investment exposure and plans to actively deploy capital into XRP infrastructure projects. Its investors include institutional backers such as Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The merger is anticipated to close in late Q3 or early Q4 of 2026, pending shareholder approval.