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Armada to merge with Evernorth for Nasdaq listing

PUBLIC · XRPNSep 24, 2026

Acquiring Company

Armada Acquisition Corp. II

Acquired Company

Evernorth Holdings

PhiladelphiaSan FranciscoSoftwareArtificial IntelligenceFinancial ServicesFinance

Description

Armada Acquisition Corp. II is set to conduct a shareholder vote on Sept. 30 to approve a merger that could take Evernorth Holdings Inc. public on Nasdaq under ticker XRPN. The merger aims to create a publicly traded XRP treasury company, leveraging substantial investments and XRP holdings. If successful, the merger will establish Evernorth's operations in the public market, enhancing its capital strategies for managing XRP.

Company Information

Company

Armada Acquisition Corp. II

Location

2005 Market St

Philadelphia, Pennsylvania, United States

About

Armada Acquisition Corp. II is a special purpose acquisition company formed to effect mergers and business combinations. The company aims to provide a platform for investors and businesses looking to collaborate. Founded on October 3, 2024, it operates in various sectors through strategic partnerships.

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Frequently asked

Who acquired Evernorth Holdings?

Evernorth Holdings was acquired by Armada Acquisition Corp. II, based in Philadelphia. The deal was reported on September 24, 2026. Armada Acquisition Corp. II is a special purpose acquisition company formed to effect mergers and business combinations. The company aims to provide a platform for investors and businesses looking to collaborate. Armada Acquisition Corp. II is publicly traded (XRPN) and operates in Software.

When did Armada Acquisition Corp. II acquire Evernorth Holdings?

Armada Acquisition Corp. II's acquisition of Evernorth Holdings was reported on September 24, 2026. Armada Acquisition Corp. II is set to conduct a shareholder vote on Sept. 30 to approve a merger that could take Evernorth Holdings Inc. public on Nasdaq under ticker XRPN. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Evernorth Holdings do?

Evernorth Holdings Inc. is a newly formed corporation aimed at enabling XRP adoption on an institutional scale. It functions as a treasury vehicle designed to provide investors exposure to XRP. It is privately held, operating in Financial Services, and is based in San Francisco.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.