Evernorth Holdings Inc. Class A Ordinary Shares

XRPN

Valor de mercado US$ 344 mi

Announcement comes within one week of Evernorth's debut as a Nasdaq-listed company Institutional strategies with partners to begin in the fourth quarter of 2026 The partnerships mark the start of a phased approach to make the company's XRP treasury productive, led by newly appointed CIO Hugo Jeandesboz SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced its inaugural institutional execution partners: Ripple, Kraken, Coinbase and BitGo. Working with these partners, Evernorth will both accumulate and deploy from its 473 million XRP treasury into institutional strategies beginning in the fourth quarter of 2026.

Company enters the public markets holding approximately 473 million XRP and approximately $300 million in gross cash proceeds; shares to begin trading on Nasdaq on October 12, 2026 under the ticker XRPN SAN FRANCISCO, Oct. 9, 2026 /PRNewswire/ -- Evernorth Holdings, Inc., (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced the completion of its business combination with Armada Acquisition Corp. II ("Armada"), a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP. Evernorth's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol XRPN on October 12, 2026.

Evernorth, the largest public XRP treasury company by Ripple and SBI, is getting closer to its expected October 7 NASDAQ debut under the ticker XRPN after shareholders approved its business merger with Armada Acquisition.

Armada II shareholders approved the business combination with Evernorth at the extraordinary general meeting on September 30, 2026 Transaction expected to raise approximately $300 million in gross cash proceeds Investors have also contributed XRP in kind; at closing, Evernorth expected to become the largest publicly traded pure-play XRP treasury company, with approximately 473 million XRP Investor support for transaction unwavering; 100% of advanced and delayed funders participating Business combination expected to close October 7, 2026, with trading on Nasdaq under the ticker "XRPN" expected to begin October 8, 2026 SAN FRANCISCO, Oct. 1, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth") and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II") today announced that Armada II shareholders approved the proposed business combination between the two companies at Armada II's extraordinary general meeting held on September 30, 2026. The business combination is expected to raise approximately $300 million in gross cash proceeds, including $225 million from related private placements, $30 million of incremental convertible note financing, and approximately $48 million of trust proceeds, before transaction expenses.

Board to add four directors with deep public-company, regulatory and digital asset experience Company also names Chief Risk Officer and Chief Communications Officer SAN FRANCISCO, May 5, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth"), a newly formed Nevada corporation that will enable adoption of XRP on an institutional scale, today announced the appointment of four new directors expected to join its board following the closing of its previously announced business combination with Armada Acquisition Corp II (Nasdaq: XRPN) ("Armada II"). The Company also announced the appointments of Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer.

Evernorth, merging with Armada Acquisition Corp. II, offers a digital asset treasury focused on XRP with a $1.4B valuation. XRPN provides yield through XRP-denominated loans and market making, targeting 5–10% revenue yields on holdings. SPAC shares currently trade near redemption value, limiting downside risk and offering potential upside post-merger.

SAN FRANCISCO , Nov. 13, 2025 /PRNewswire/ -- Evernorth Holdings Inc. ("Evernorth"), a newly formed Nevada corporation that will enable XRP adoption on an institutional scale, announced today the confidential submission of a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission (the "SEC"). The submission of the draft registration statement marks an important milestone toward the completion of the previously disclosed proposed business combination between Evernorth and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II"), a special purpose acquisition company sponsored by Arrington Capital, which was announced on October 20, 2025.

Evernorth Holdings Inc, a Ripple-backed crypto venture, announced on Monday that it plans to go public on the Nasdaq via a business combination with Armada Acquisition Corp II (AACI), a publicly traded special purpose acquisition company (SPAC).  The company said it is targeting to raise more $1 billion in gross proceeds, primarily to fund open-market purchases of Ripple (XRP) cryptocurrency to build the world's leading institutional XRP treasury.

Transaction will create the largest public XRP treasury company SAN FRANCISCO , Oct. 20, 2025 /PRNewswire/ -- Evernorth Holdings Inc., a newly formed Nevada corporation ("Evernorth") that will enable XRP adoption on an institutional scale, today announced its public launch and the execution of a business combination agreement with Armada Acquisition Corp II (Nasdaq: AACI) ("Armada II"), a publicly traded special purpose acquisition company. Upon closing of the transaction, the combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol "XRPN," subject to the satisfaction of the listing requirements.

PHILADELPHIA--(BUSINESS WIRE)--Armada Acquisition Corp. II (Nasdaq: AACI) (“Armada” or the “Company”) today announced that it has completed a Sponsor Securities Purchase transaction under which Arrington XRP Capital Fund, LP (“Arrington”) has acquired the securities of Armada Acquisition Corp. II owned by Armada Sponsor II LLC, the (now former) sponsor of Armada. Under the terms of the Sponsor Securities Purchase Agreement, Arrington purchased 7,880,000 Class B ordinary shares, 400,000 Class A.