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Evernorth completes Armada SPAC merger

PRIVATEOct 12, 2026

Acquiring Company

Evernorth

Acquired Company

Armada Acquisition Corp. II

New YorkFinancial ServicesLending

Description

Evernorth began public-market trading on Oct. 12 after merging with Armada Acquisition Corp. II, a special purpose acquisition company. The company reported approximately 473 million XRP at the transaction's closing. A Nasdaq listing ceremony followed on Oct. 14 in New York.

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Company Information

Company

Evernorth

Location

New York, New York, United States

About

Evernorth is a Nasdaq-listed company that operates an actively managed XRP treasury. Its public-market trading began on Oct. 12 after a merger with a special purpose acquisition company. The company states that XRP is its primary treasury asset.

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Frequently asked

Who acquired Armada Acquisition Corp. II?

Armada Acquisition Corp. II was acquired by Evernorth, based in New York. The deal was reported on October 12, 2026. Evernorth is a Nasdaq-listed company that operates an actively managed XRP treasury. Its public-market trading began on Oct. 12 after a merger with a special purpose acquisition company. Evernorth is privately held and operates in Financial Services.

When did Evernorth acquire Armada Acquisition Corp. II?

Evernorth's acquisition of Armada Acquisition Corp. II was reported on October 12, 2026. Evernorth began public-market trading on Oct. 12 after merging with Armada Acquisition Corp. II, a special purpose acquisition company. The company reported approximately 473 million XRP at the transaction's closing. A Nasdaq listing ceremony followed on Oct. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Armada Acquisition Corp. II do?

Armada Acquisition Corp. II is a special purpose acquisition company formed to take another business public. It merged with Evernorth, which enabled Evernorth's Nasdaq listing. It is privately held.

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

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