Evernorth Holdings and Armada Acquisition Corp. II completed a shareholder-approved SPAC merger, raising over $1 billion and positioning Evernorth as the largest publicly traded XRP treasury company with approximately 473 million XRP. The combined entity will list on Nasdaq under ticker XRPN on October 8.
XRP rebounded above $1.50 following a reported shareholder vote approving Evernorth's merger with Armada Acquisition Corp. II, advancing the combined company's planned Nasdaq listing under ticker XRPN. The merged entity expects to hold at least 473.3 million XRP at closing, with a $30 million financing agreement contingent on transaction completion.
Armada is an open-source, end-to-end encrypted Discord alternative built on the Nostr protocol, allowing users to self-host communities, migrate servers with full history, and maintain accounts as cryptographic keys rather than emails. It supports multiple formats including Concord and NIP-29, offers decentralized communities that cannot be banned or deleted, and is available free on web, Android, macOS, and Linux with an iOS app coming soon.