Evernorth completes SPAC merger with Armada Acquisition Corp. II

Odaily News: Ripple-backed XRP treasury company Evernorth has completed its business combination with SPAC company Armada Acquisition Corp. II, bringing approximately 473 million XRP and $300 million in total cash proceeds into the public market. The company is expected to begin trading on Nasdaq under the ticker XRPN starting next Monday. According to an 8-K filing submitted by Evernorth to the U.S. SEC, the merger was completed on October 9 Eastern Time.