Evernorth Secures Committed Equity Facility for Approximately $80 Million to Support XRP Treasury Growth

SAN FRANCISCO, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings, Inc. (Nasdaq: XRPN) (“Evernorth”), a digital asset treasury company building institutional access to the XRP economy at scale, today announced that it has entered into a common stock purchase agreement with CF Principal Investments LLC (“Cantor”) to establish a committed equity facility for up to 5,218,935 Shares of Class A Common Stock. Assuming the closing stock price of XRPN on October 22, 2026, if fully executed the facility would generate aggregate gross proceeds of approximately $80 million.

GlobeNewsWire • Oct 26, 2026

XRP erases $61 billion in market value one year after Wall Street's biggest XRP treasury plan

As Evernorth Holdings Inc. (Nasdaq: XR P N) reached its one-year anniversary of the initial deal structure and announcement that set the entire Wall Street XRP treasury plan into motion on October 19, 2026, XRP has wiped out more than $61 billion during the same period.

Finbold • Oct 19, 2026

Evernorth to Begin Deploying from 473 Million XRP Treasury with Ripple, Kraken, Coinbase and BitGo

Announcement comes within one week of Evernorth's debut as a Nasdaq-listed company Institutional strategies with partners to begin in the fourth quarter of 2026 The partnerships mark the start of a phased approach to make the company's XRP treasury productive, led by newly appointed CIO Hugo Jeandesboz SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced its inaugural institutional execution partners: Ripple, Kraken, Coinbase and BitGo. Working with these partners, Evernorth will both accumulate and deploy from its 473 million XRP treasury into institutional strategies beginning in the fourth quarter of 2026.

GlobeNewsWire • Oct 14, 2026

Evernorth Completes Business Combination with Armada Acquisition Corp. II

Company enters the public markets holding approximately 473 million XRP and approximately $300 million in gross cash proceeds; shares to begin trading on Nasdaq on October 12, 2026 under the ticker XRPN SAN FRANCISCO, Oct. 9, 2026 /PRNewswire/ -- Evernorth Holdings, Inc., (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced the completion of its business combination with Armada Acquisition Corp. II ("Armada"), a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP. Evernorth's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol XRPN on October 12, 2026.

PRNewsWire • Oct 9, 2026

Analyst sets XRPN stock price ahead of Evernorth's Nasdaq debut

Evernorth, the largest public XRP treasury company by Ripple and SBI, is getting closer to its expected October 7 NASDAQ debut under the ticker XRPN after shareholders approved its business merger with Armada Acquisition.

Finbold • Oct 2, 2026

Shareholders Approve Evernorth Business Combination; Transaction and Related Private Placements Have Raised Over $1 Billion; Nasdaq Trading Under "XRPN" Expected to Begin on October 8

Armada II shareholders approved the business combination with Evernorth at the extraordinary general meeting on September 30, 2026 Transaction expected to raise approximately $300 million in gross cash proceeds Investors have also contributed XRP in kind; at closing, Evernorth expected to become the largest publicly traded pure-play XRP treasury company, with approximately 473 million XRP Investor support for transaction unwavering; 100% of advanced and delayed funders participating Business combination expected to close October 7, 2026, with trading on Nasdaq under the ticker "XRPN" expected to begin October 8, 2026 SAN FRANCISCO, Oct. 1, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth") and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II") today announced that Armada II shareholders approved the proposed business combination between the two companies at Armada II's extraordinary general meeting held on September 30, 2026. The business combination is expected to raise approximately $300 million in gross cash proceeds, including $225 million from related private placements, $30 million of incremental convertible note financing, and approximately $48 million of trust proceeds, before transaction expenses.

PRNewsWire • Oct 1, 2026

Evernorth Announces Appointment of New Board Members and Senior Executives Ahead of Anticipated Public Listing

Board to add four directors with deep public-company, regulatory and digital asset experience Company also names Chief Risk Officer and Chief Communications Officer SAN FRANCISCO, May 5, 2026 /PRNewswire/ -- Evernorth Holdings, Inc. ("Evernorth"), a newly formed Nevada corporation that will enable adoption of XRP on an institutional scale, today announced the appointment of four new directors expected to join its board following the closing of its previously announced business combination with Armada Acquisition Corp II (Nasdaq: XRPN) ("Armada II"). The Company also announced the appointments of Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer.

PRNewsWire • May 5, 2026

XRP Treasury Play: Armada Acquisition Corp. II

Evernorth, merging with Armada Acquisition Corp. II, offers a digital asset treasury focused on XRP with a $1.4B valuation. XRPN provides yield through XRP-denominated loans and market making, targeting 5–10% revenue yields on holdings. SPAC shares currently trade near redemption value, limiting downside risk and offering potential upside post-merger.

Seeking Alpha • Jan 19, 2026

Evernorth Announces Confidential Submission of a Draft Registration Statement on Form S-4 to the SEC

SAN FRANCISCO , Nov. 13, 2025 /PRNewswire/ -- Evernorth Holdings Inc. ("Evernorth"), a newly formed Nevada corporation that will enable XRP adoption on an institutional scale, announced today the confidential submission of a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission (the "SEC"). The submission of the draft registration statement marks an important milestone toward the completion of the previously disclosed proposed business combination between Evernorth and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II"), a special purpose acquisition company sponsored by Arrington Capital, which was announced on October 20, 2025.

PRNewsWire • Nov 13, 2025

Armada Acquisition Corp. II Announces Ticker Symbol to Change to XRPN on Oct 30, 2025

New ticker aligns with new $1 billion strategy for XRP exposure on NASDAQ MIAMI , Oct. 29, 2025 /PRNewswire/ -- Armada Acquisition Corp. II, a special purpose acquisition company ("Armada II") sponsored by Arrington XRP Capital Fund , today announced that it will change the  ticker symbol for its Class A ordinary shares on NASDAQ from "AACI" to  "XRPN." In addition, the ticker symbol for its units will change from "AACIU" to "XRPNU" and the ticker symbol for its warrants will change from "AACIW" to "XRPNW.

PRNewsWire • Oct 29, 2025