Evernorth plans to raise over $1 billion through a business combination with Armada, set to trade on Nasdaq under the ticker XRPN, with strong backing from Ripple and other notable investors.
Evernorth Holdings has entered into a business combination agreement with Armada Acquisition Corp II, aiming to raise over $1 billion in capital. Supported by Ripple and major investors like SBI, Pantera Capital, Kraken, and GSR, Evernorth will trade on Nasdaq under the ticker XRPN after the transaction closes.