Acquiring Company
Evernorth
Acquired Company
Armada II
BilbaoBilbaoFinancial ServicesDescription
Evernorth's merger with Armada II received shareholder approval, clearing a key hurdle for the planned Nasdaq listing. The transaction is expected to close on October 7, with trading set to begin on October 8, pending conditions. Both companies aim to leverage the combined assets, including a treasury of XRP. The merger has the potential to provide significant public-market exposure to XRP.
Fundz sees it the moment Evernorth makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Armada II?
Armada II was acquired by Evernorth, based in Bilbao. The deal was reported on October 4, 2026. Evernorth is a company formed through a merger with a special-purpose acquisition company. It aims to provide public-market investors exposure to XRP by managing an actively held treasury. Evernorth is privately held and operates in Financial Services.
When did Evernorth acquire Armada II?
Evernorth's acquisition of Armada II was reported on October 4, 2026. Evernorth's merger with Armada II received shareholder approval, clearing a key hurdle for the planned Nasdaq listing. The transaction is expected to close on October 7, with trading set to begin on October 8, pending conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Armada II do?
Armada II is a special-purpose acquisition company that is involved in business combinations. It has played a crucial role in facilitating the merger with Evernorth and has shareholders voting on key proposals. It is privately held, and is based in Bilbao.
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