XRP treasury company Evernorth completes SPAC merger and will be listed as XRPN

Digital asset treasury firm Evernorth Holdings, Inc. disclosed that it has completed a business merger with special purpose acquisition firm Armada Acquisition Corp. II. The transaction was initiated by Arrington XRP Capital Fund, LP. The combined common stock is planned to start trading on Nasdaq under the symbol XRPN on October 12, 2026, and ring the Nasdaq closing bell on October 14 the next day. According to delivery data, the company holds approximately 473 million XRPs and raised approximately US$300 million in gross cash proceeds (before transaction fees) through the merger. The main funders include institutions such as Arrington Cap.