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Evernorth completes merger with Armada II, trades as XRPN

PRIVATEOct 12, 2026

Acquiring Company

Evernorth Holdings

Acquired Company

Armada Acquisition Corp. II

Financial ServicesBlockchainCryptocurrencyLending

Description

Evernorth has successfully merged with Armada Acquisition Corp. II, enabling it to trade on Nasdaq under the ticker XRPN. The merger enhances Evernorth's ability to manage its substantial XRP holdings. The company plans to focus on allocating capital across the XRP network. This event marks Evernorth's transition to a publicly traded company.

Company Information

Company

Evernorth Holdings

About

Evernorth Holdings is a digital asset treasury company. It was formed to manage an XRP treasury and allocate capital across businesses connected to the XRP ecosystem. The company focuses on infrastructure and applications using XRP. Evernorth recently secured substantial funding to support its operations.

Fundz sees it the moment Evernorth Holdings 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 Holdings. The deal was reported on October 12, 2026. Evernorth Holdings is a digital asset treasury company. It was formed to manage an XRP treasury and allocate capital across businesses connected to the XRP ecosystem. Evernorth Holdings is privately held and operates in Financial Services.

When did Evernorth Holdings acquire Armada Acquisition Corp. II?

Evernorth Holdings's acquisition of Armada Acquisition Corp. II was reported on October 12, 2026. Evernorth has successfully merged with Armada Acquisition Corp. II, enabling it to trade on Nasdaq under the ticker XRPN. The merger enhances Evernorth's ability to manage its substantial XRP holdings. 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 (SPAC) involved in facilitating business combinations through mergers and acquisitions. The company is focused on identifying high-potential targets in various sectors. 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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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.