Evernorth to Go Public via Armada Acquisition Corp. II in $1 Billion Deal

Reuters

Oct 20, 2025

Evernorth to Go Public via Armada Acquisition Corp. II in $1 Billion Deal

Evernorth Holdings Inc., a newly formed Nevada corporation focused on enabling institutional-scale adoption of XRP, has announced its public launch and the execution of a business combination agreement with Armada Acquisition Corp. II. The combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol "XRPN" following the close of the transaction, anticipated in the first quarter of 2026. The transaction is expected to generate over $1 billion in gross proceeds and will create the largest public XRP treasury company. Evernorth plans to use its resources to advance the XRP ecosystem, including operating XRP validators for network security, integrating Ripple's RLUSD stablecoin for DeFi access, and supporting projects that expand XRP's real-world utility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Armada Acquisition Corp. II published the original content used to generate this news brief via PR Newswire (Ref. ID: NY01762) on October 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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II in $1 Billion Deal","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Evernorth to Go Public via Armada Acquisition Corp. II in $1 Billion Deal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Evernorth Holdings Inc., a newly formed Nevada corporation focused on enabling institutional-scale adoption of XRP, has announced its public launch and the execution of a business combination agreement with Armada Acquisition Corp. II. The combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol \"XRPN\" following the close of the transaction, anticipated in the first quarter of 2026. 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II in $1 Billion Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-20 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Evernorth to Go Public via Armada Acquisition Corp. 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