Evernorth and Armada Acquisition Corp. II merger approved, XRPN to list on Nasdaq October 8

Shareholders of Armada Acquisition Corp. II (Nasdaq: XRPN) approved the business merger with Evernorth Holdings on September 30. The transaction is expected to raise approximately 300 million dollars in cash, with investors also contributing XRP in-kind. Upon closing, Evernorth is projected to hold about 473 million XRP, positioning it as a major publicly traded XRP treasury company. The merger is scheduled to complete on October 7, with Class A common stock expected to begin trading under the ticker XRPN on Nasdaq on October 8. The deal and related private placements have raised over 1 billion dollars from investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.