Evernorth Holdings Inc.’s Form S-4 registration statement for its proposed business combination with Armada Acquisition Corp. II has been declared effective by the U.S. Securities and Exchange Commission. Armada shareholders are scheduled to vote at a special meeting on September 30, 2026. If approved and completed, the combined company is expected to trade on Nasdaq under the ticker XRPN, with closing targeted for late third quarter or early fourth quarter of 2026. Evernorth is a digital asset treasury company focused on XRP and says it plans to allocate capital to XRP-based infrastructure while actively managing its treasury. The company has also agreed to a $30 million convertible-note financing, contingent on the merger closing, and is collaborating with BearChamp, an XRP community figure created by Chicago artist JC Rivera.