Armada II /
Evernorth
Armada II and Evernorth plan digital asset treasury combination
Source for the buyer and target: Armada Acquisition Corp. II
For the buyer and target.
“Formed through a business combination (to be completed) between Evernorth and Armada II, a NASDAQ-listed special purpose acquisition company (the “Business Combination”), pursuant to a definitive business combination agreement (the “Business Combination Agreement”), Evernorth, at closing, will be a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure.”
Published 13 Nov 2025
Open the sourceWhat happened
Armada II and Evernorth entered into a definitive business combination agreement. At closing, Evernorth will be a publicly traded digital asset treasury providing investors with exposure to XRP. [01]
The transaction is expected to close in Q1 2026, subject to customary closing conditions and approval by Armada II shareholders. [01]
The source
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Armada II and Evernorth plan digital asset treasury combination
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Expected close
“The transaction is expected to close in Q1 2026, subject to customary closing conditions and approval by Armada II shareholders”
Open the source
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