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Evernorth completes merger with Armada Acquisition Corp.

PRIVATEOct 11, 2026

Acquiring Company

Evernorth

Acquired Company

Armada Acquisition Corp. II

New YorkMadhya PradeshFinancial ServicesFintechBlockchainCryptocurrencyFinancial Services

Description

Evernorth has successfully completed its merger with Armada Acquisition Corp. II on October 9. Following the merger, Evernorth is set to trade publicly on Nasdaq under the ticker XRPN, bringing a substantial XRP treasury into the market. This merger aims to facilitate institutional adoption of XRP while supporting an innovative financial ecosystem.

Company Information

Company

Evernorth

Location

New York, New York, United States

About

Evernorth is a company focused on creating a transparent and efficient financial ecosystem through blockchain technology. It actively manages an XRP treasury aimed at institutional adoption. Evernorth distinguishes itself by deploying capital across the XRP ecosystem to enhance liquidity and support financial applications. It aims to provide a unique investment opportunity combining cryptocurrency exposure with active asset management.

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, based in New York. The deal was reported on October 11, 2026. Evernorth is a company focused on creating a transparent and efficient financial ecosystem through blockchain technology. It actively manages an XRP treasury aimed at institutional adoption. 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 11, 2026. Evernorth has successfully completed its merger with Armada Acquisition Corp. II on October 9. Following the merger, Evernorth is set to trade publicly on Nasdaq under the ticker XRPN, bringing a substantial XRP treasury into the market. 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 was a special purpose acquisition company (SPAC) that facilitated the merger with Evernorth. SPACs like Armada are formed with the intention of raising capital through an IPO to acquire an existing company. It is privately held, operating in Financial Services, and is based in Madhya Pradesh.

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.