By Isaac • October 5, 2026 11:49 am •
Armada Acquisition Corp. II has become the hottest part of the Evernorth story before the XRP treasury company has even reached the Nasdaq.
The SPAC’s shares closed Friday at $39.42 after gaining about 273% in one week. They briefly touched $53.
Trending: 279,000+ Indians are approved for H-1B visas in US each year — no other nationality is even close
That is a striking move for a shell whose trust held about $10.49 per public share at the end of June—and it puts the structure of the trade under almost as much scrutiny as the XRP treasury behind it.
CoinDesk reports that the merger is expected to close October 7, subject to the remaining conditions, with the combined company expected to begin Nasdaq trading under the XRPN ticker on October 8. Until that happens, investors
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!