Acquiring Company
Evernorth
Acquired Company
Armada
San FranciscoSan FranciscoFinancial ServicesFinanceSoftwareDescription
The SEC has cleared the registration for Evernorth's SPAC merger with Armada. This approval is a key step toward bringing the combined company public on the Nasdaq. The merger allows Evernorth to gain traditional investment exposure through its digital asset holdings. Finalization is pending shareholder approval and other closing conditions.
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Based on deal dataFrequently asked
Who acquired Armada?
Armada was acquired by Evernorth, based in San Francisco. The deal was reported on August 29, 2026. Evernorth Holdings Inc. is a newly formed corporation aimed at enabling XRP adoption on an institutional scale. It functions as a treasury vehicle designed to provide investors exposure to XRP. Evernorth is privately held and operates in Financial Services.
When did Evernorth acquire Armada?
Evernorth's acquisition of Armada was reported on August 29, 2026. The SEC has cleared the registration for Evernorth's SPAC merger with Armada. This approval is a key step toward bringing the combined company public on the Nasdaq. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Armada do?
Armada builds and operates a resilient, secure and scalable infrastructure, with a matching software component enabling a single control plane to easily manage and optimize data. It is privately held, operating in Software, and is based in San Francisco.
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