Evernorth XRP Treasury Merger Brings 473 Million XRP to Nasdaq as XRPN Debuts October 12

Evernorth has completed its SPAC merger with Armada Acquisition Corp. II, bringing 473 million XRP and $300 million in gross cash to its upcoming Nasdaq debut under ticker XRPN on October 12, 2026. The transaction gives public-market investors another route to gain exposure to XRP through a company that actively manages its digital asset holdings. Backed by institutional investors including Ripple, Pantera Capital, Kraken, SBI Group, and Arrington Capital, Evernorth plans to allocate capital to XRP ecosystem infrastructure, decentralized finance (DeFi) strategies, and other initiatives intended to expand the token’s utility.