Armada Acquisition Corp. II (Ticker: XRPN) is a strategically-focused special purpose acquisition company (SPAC) dedicated to forging partnerships with innovative, high-growth firms in the technology, media, and telecommunications sectors. Backed by a seasoned management team with robust industry expertise and a network of strategic advisors, XRPN employs a disciplined acquisition strategy aimed at maximizing value creation for its stakeholders. With the ongoing digital transformation reshaping industries, XRPN is well-positioned to capitalize on high-potential investment opportunities, making it an appealing prospect for institutional investors seeking diversification into transformative markets.
| Revenue (TTM) | 0 |
| Gross Profit (TTM) | 0 |
| EBITDA | — |
| Operating Margin | 0.00% |
| Return on Equity | 0.00% |
| Return on Assets | 0.00% |
| Revenue/Share (TTM) | $0.00 |
| Book Value | $-0.46 |
| Price-to-Book | 2.36 |
| Price-to-Sales (TTM) | — |
| EV/Revenue | - |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 4.60% |
| Quarterly Revenue Growth (YoY) | 0.00% |
| Shares Outstanding | $35.14M |
| Float | $19.14M |
| % Insiders | 8.97% |
| % Institutions | 118.64% |
Volatility is currently expanding
As Evernorth Holdings Inc. (Nasdaq: XR P N) reached its one-year anniversary of the initial deal structure and announcement that set the entire Wall Street XRP treasury plan into motion on October 19, 2026, XRP has wiped out more than $61 billion during the same period.
Announcement comes within one week of Evernorth's debut as a Nasdaq-listed company Institutional strategies with partners to begin in the fourth quarter of 2026 The partnerships mark the start of a phased approach to make the company's XRP treasury productive, led by newly appointed CIO Hugo Jeandesboz SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced its inaugural institutional execution partners: Ripple, Kraken, Coinbase and BitGo. Working with these partners, Evernorth will both accumulate and deploy from its 473 million XRP treasury into institutional strategies beginning in the fourth quarter of 2026.
Company enters the public markets holding approximately 473 million XRP and approximately $300 million in gross cash proceeds; shares to begin trading on Nasdaq on October 12, 2026 under the ticker XRPN SAN FRANCISCO, Oct. 9, 2026 /PRNewswire/ -- Evernorth Holdings, Inc., (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced the completion of its business combination with Armada Acquisition Corp. II ("Armada"), a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP. Evernorth's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol XRPN on October 12, 2026.
Armada II shareholders approved the business combination with Evernorth at the extraordinary general meeting on September 30, 2026 Transaction expected to raise approximately $300 million in gross cash proceeds Investors have also contributed XRP in kind; at closing, Evernorth expected to become the largest publicly traded pure-play XRP treasury company, with approximately 473 million XRP Investor support for transaction unwavering; 100% of advanced and delayed funders participating Business combination expected to close October 7, 2026, with trading on Nasdaq under the ticker "XRPN" expected to begin October 8, 2026 SAN FRANCISCO, Oct. 1, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth") and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II") today announced that Armada II shareholders approved the proposed business combination between the two companies at Armada II's extraordinary general meeting held on September 30, 2026. The business combination is expected to raise approximately $300 million in gross cash proceeds, including $225 million from related private placements, $30 million of incremental convertible note financing, and approximately $48 million of trust proceeds, before transaction expenses.
Board to add four directors with deep public-company, regulatory and digital asset experience Company also names Chief Risk Officer and Chief Communications Officer SAN FRANCISCO, May 5, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth"), a newly formed Nevada corporation that will enable adoption of XRP on an institutional scale, today announced the appointment of four new directors expected to join its board following the closing of its previously announced business combination with Armada Acquisition Corp II (Nasdaq: XRPN) ("Armada II"). The Company also announced the appointments of Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer.
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