Evernorth to Go Public With Over $1 Billion in Gross Proceeds
Armada Acquisition Corp. II - Class A Ordinary Shares (AACI)
Company Research
Source: PR Newswire
Transaction will create the largest public XRP treasury companySAN 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.The transaction is expected to raise over $1 billion in gross proceeds, including $200 million from SBI and additional investments from Ripple, Rippleworks (an independent charitable foundation supporting social impact ventures globally), and leading digital asset and fintech leaders and investors, including Pantera Capital, Kraken, and GS
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- Armada Acquisition Corp. II Announces Ticker Symbol to Change to XRPN on Oct 30, 2025PR Newswire
- Armada Acquisition Corp. II Announces Ticker Symbol to Change to XRPN on Oct 30, 2025PR Newswire
- Armada Acquisition Corp. II Announces Ticker Symbol to Change to XRPN on Oct 30, 2025PR Newswire
- Evernorth to Go Public With Over $1 Billion in Gross ProceedsPR Newswire
- Evernorth to Go Public With Over $1 Billion in Gross ProceedsPR Newswire