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XRPN

Armada Acquisition Corp II

XRPN

Market cap $334M

10.57 USD

0.00

0%

At close Updated Sep 23, 4:00 PM EDT

Pre-market

After hours

10.57

0.00

0%

1 day

0%

5 days

0.28%

1 month

0.28%

3 months

1.44%

6 months

2.82%

Year to date

3.42%

1 year

1.63%

5 years

5.28%

10 years

5.28%

About: Armada Acquisition Corp II is a blank check company.

Employees: 2

Financials Shell Companies

News

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Evernorth Announces Appointment of New Board Members and Senior Executives Ahead of Anticipated Public Listing

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 Announces Appointment of New Board Members and Senior Executives Ahead of Anticipated Public Listing

XRP Treasury Play: Armada Acquisition Corp. II

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.

XRP Treasury Play: Armada Acquisition Corp. II

Evernorth Announces Confidential Submission of a Draft Registration Statement on Form S-4 to the SEC

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 Announces Confidential Submission of a Draft Registration Statement on Form S-4 to the SEC

Proactive Investors

Evernorth to go public in SPAC deal, to raise over $1B for Ripple purchases

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.

Evernorth to go public in SPAC deal, to raise over $1B for Ripple purchases

Evernorth to Go Public With Over $1 Billion in Gross Proceeds

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.

Evernorth to Go Public With Over $1 Billion in Gross Proceeds

Armada Acquisition Corp. II Announces Closing of Sponsor Securities Purchase Agreement

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.

Armada Acquisition Corp. II Announces Closing of Sponsor Securities Purchase Agreement

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