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Armada Acquisition to merge with Evernos Holdings

PUBLIC · XRPNSep 10, 2026•about 3 hours ago

Acquiring Company

Armada Acquisition II

Acquired Company

Evernos Holdings

PhiladelphiaMadhya PradeshSoftwareArtificial IntelligenceBlockchainCryptocurrency

Description

Evernos Holdings is set to merge with Armada Acquisition Corp II, pending shareholder approval on September 30. If the merger is finalized, Evernos will hold at least 473 million XRP and intends to list on Nasdaq. The merger aims to leverage Evernos' XRP holdings to innovate within the XRP ecosystem and enhance liquidity in financial applications.

Company Information

Company

Armada Acquisition II

Location

2005 Market St

Philadelphia, Pennsylvania, United States

About

Armada Acquisition Corp II is a special purpose acquisition company (SPAC) that aims to merge with or acquire other businesses. It is publicly traded and participates in the capital markets to create value through strategic business combinations. The company is focused on identifying industries that can benefit from operational improvements and growth initiatives. As a SPAC, it serves as a vehicle for private companies to go public.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Evernos Holdings?

Evernos Holdings was acquired by Armada Acquisition II, based in Philadelphia. The deal was reported on September 10, 2026. Armada Acquisition Corp II is a special purpose acquisition company (SPAC) that aims to merge with or acquire other businesses. Armada Acquisition II is publicly traded (XRPN) and operates in Software.

When did Armada Acquisition II acquire Evernos Holdings?

Armada Acquisition II's acquisition of Evernos Holdings was reported on September 10, 2026. Evernos Holdings is set to merge with Armada Acquisition Corp II, pending shareholder approval on September 30. If the merger is finalized, Evernos will hold at least 473 million XRP and intends to list on Nasdaq. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Evernos Holdings do?

Evernos Holdings is a blockchain-focused firm that integrates an XRP treasury strategy into its business model. The company aims to become a publicly listed entity while holding substantial XRP assets. It is privately held, operating in Blockchain, and is based in Madhya Pradesh.

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