Odaily Planet Daily reports: Evernorth, the XRP treasury company backed by Ripple, has completed its business combination with SPAC company Armada Acquisition Corp. II. Approximately 473 million XRP and $300 million in cash have now entered the public market, and the company is expected to begin trading on Nasdaq under the ticker symbol XRPN next Monday. According to Evernorth’s Form 8-K filing with the U.S. SEC, the merger was finalized on October 9, Eastern Time.
Evernorth Completes SPAC Merger with Armada Acquisition Corp. II
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Summary
Evernorth, the XRP treasury company backed by Ripple, has completed its merger with SPAC firm Armada Acquisition Corp. II. The transaction, finalized on October 9, 2026 (ET), introduced 473 million XRP tokens and $300 million in cash to the public market. On-chain analysis reveals significant token movement prior to the listing. The company will begin trading on Nasdaq under the ticker XRPN next Monday. On-chain data indicates rising interest in XRP’s public market debut.
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