Ripple-Backed Evernorth Files For Nasdaq IPO With $1 Billion XRP Treasury [Yahoo! Finance]
Armada Acquisition Corp. I - Unit (AACIU)
Company Research
Source: Yahoo! Finance
Evernorth Holdings filed an S-4 registration with the SEC on March 18 to merge with Armada Acquisition Corp. II and become the largest publicly traded XRP treasury company on Nasdaq with over $1 billion in gross proceeds. The $1 Billion XRP Bet Evernorth raised over $1 billion in gross proceeds to create what will be the largest public XRP treasury company. Ripple Labs contributed over 126 million XRP tokens in a private placement at a signing price of $2.36609, while Advance Funding Subscribers committed $214.05 million in cash plus 600,000 XRP tokens. Evernorth already holds 388 million XRP tokens purchased at an average price of $2.44, making it the largest institutional XRP holder. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.91/Share Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights Institutional and strategic investors include Arrington Capital Ripple SBI Holdings Pantera Capit
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AACIU
News
- XRP Crypto Treasury Firm Evernorth Files S-4 for $1 Billion SPAC Deal [Yahoo! Finance]Yahoo! Finance
- XRP Treasury Firm Evernorth Inches Closer to Public Listing With $685 Million Stash [Yahoo! Finance]Yahoo! Finance
- Armada Acquisition Corp. III Announces Separate Trading of its Class A Ordinary Shares and Warrants, Commencing March 27, 2026Business Wire
- Armada Acquisition Corp. III (AACIU) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=AACIU&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a>MarketBeat
- Armada Acquisition Corp. III Announces Closing of $248.5 Million Initial Public Offering [Yahoo! Finance]Yahoo! Finance
AACIU
Sec Filings
- 3/17/26 - Form 4
- 3/17/26 - Form 3
- 2/27/26 - Form 3
- AACIU's page on the SEC website