Ticker Launch
Sign inTry it free

SPAC · Merger completed · XRPN

Armada Acquisition Corp. II

Business combination with Evernorth

Armada Acquisition Corp. II (XRPN) is a blank-check company (SPAC) that raised $200M in its initial public offering on May 21, 2025, listing on Nasdaq. It completed its business combination with Evernorth on Oct 9, 2026; the combined company is Evernorth Holdings Inc. (XRPN). Northland led the IPO. DLA Piper advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Evernorth is set to be a publicly traded digital asset treasury that gives investors exposure to XRP through a regulated, liquid and transparent structure. It is supported by Arrington Capital, a digital asset management firm focused on blockchain-based capital markets.

Status
Merger completed
Ticker
XRPN
IPO date
May 21, 2025
IPO size
$200M
IPO exchange
Nasdaq
Target
Evernorth (XRP treasury company)
Announced
Oct 20, 2025
Closed
Oct 9, 2026
Combined company
Evernorth Holdings Inc. (XRPN)
IPO underwriters
Northland
SPAC counsel (IPO)
DLA Piper and Ogier
Underwriters' counsel (IPO)
Loeb & Loeb

More on this SPAC for subscribers

Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.

Try it free for 7 daysOpen in Ticker Launch

Then $99/month or $999/year. Cancel anytime.

Filings

Other deSPACs that closed in 2026