Evernorth (XRPN) is a digital asset treasury company. Its merger with Armada Acquisition Corp. II is complete, and its common stock is expected to begin trading on Nasdaq on October 12, 2026. The company says it holds approximately 473 million XRP and will report quarterly as a public company. Evernorth’s announcement · company post on the merger and ticker · company post on its XRP holdings

XRPNOct 11, 2026, 04:15 UTC

What it plans to do

Evernorth says it intends to put its XRP capital to work across the XRP economy, support use cases that expand XRP’s utility, and pursue strategies intended to grow XRP per share over time. These are company objectives, not guaranteed results. Evernorth’s strategy statement

Transaction cash

The supplied reports describe approximately $300 million in gross cash proceeds. The sources reviewed here do not give a further breakdown of that figure.

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Case file

XRPN

Answered Oct 11, 2026, 04:15 UTC

Sources 4

Evernorth’s announcementevernorth.xyz
company post on the merger and tickerx.com
company post on its XRP holdingsx.com
Evernorth’s strategy statementx.com

Research trace 4

Establish what Evernorth is, verify the supplied claims about the Armada II merger and treasury, and check whether XRPN is scheduled to begin Nasdaq trading on October 12. Also checking prior findings and relevant XRP market context.
The supplied posts and wider X/news coverage consistently report the merger, holdings, proceeds, and October 12 debut, while an earlier report gave a different planned date. This step seeks primary company or SEC confirmation and the final deal details, including what the cash and XRP figures represent.
The company confirms its merger completion, expected Nasdaq trading date, and approximately 473 million XRP directly. Its statements also describe Evernorth's treasury strategy and how the $300 million in gross cash proceeds fit into the transaction.
The company and its own posts confirm the merger, XRP treasury and planned Nasdaq debut. Evernorth describes its purpose as deploying capital across the XRP economy and pursuing strategies intended to grow XRP per share.