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Evernorth acquires Armada Acquisition Corp. II

PRIVATEOct 09, 2026

Acquiring Company

Evernorth

Acquired Company

Armada Acquisition Corp. II

PhiladelphiaFinancial ServicesBlockchainCryptocurrencySoftwareArtificial Intelligence

Description

Evernorth Holdings, Inc. announced the completion of its business combination with Armada Acquisition Corp. II. With this merger, Evernorth enters the public markets and holds approximately 473 million XRP and $300 million in gross cash proceeds. The company's shares are set to begin trading on Nasdaq on October 12, 2026, under the ticker XRPN.

Company Information

Company

Evernorth

About

Evernorth is a special purpose acquisition company focusing on the digital assets and cryptocurrency market. Its goal is to provide public-market access for cryptocurrency investments. The company aims to participate in the growth of the XRP ecosystem. Evernorth plans to allocate capital toward XRP-based infrastructure.

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.

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Frequently asked

Who acquired Armada Acquisition Corp. II?

Armada Acquisition Corp. II was acquired by Evernorth. The deal was reported on October 9, 2026. Evernorth is a special purpose acquisition company focusing on the digital assets and cryptocurrency market. Its goal is to provide public-market access for cryptocurrency investments. 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 9, 2026. Evernorth Holdings, Inc. announced the completion of its business combination with Armada Acquisition Corp. II. With this merger, Evernorth enters the public markets and holds approximately 473 million XRP and $300 million in gross cash proceeds. 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 effect mergers and business combinations. The company aims to provide a platform for investors and businesses looking to collaborate. It is publicly traded (XRPN), operating in Software, and is based in Philadelphia.

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 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.