Evernorth Holdings completed its business combination with Armada Acquisition Corp. II, a SPAC sponsored by Arrington XRP Capital Fund, and expects its common stock to trade on Nasdaq under the ticker XRPN starting October 12, 2026. At closing it holds about 473 million XRP and roughly $300 million in gross cash proceeds before transaction expenses. Founder and CEO Asheesh Birla said the company will deploy capital across the XRP economy and pursue strategies to grow XRP per share. Investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR. Evernorth plans to ring the Nasdaq closing bell on October 14, 2026.

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