On October 9, 2026, Armada Acquisition Corp. II (Armada II), a special purpose acquisition company, and Evernorth Holdings (Evernorth), a digital asset treasury company building institutional access to the XRP economy, announced the completion of their business combination. Evernorth’s common stock is expected to begin trading on the Nasdaq Stock Market on October 12, 2026, under the ticker symbol “XRPN.” Investors included Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

Wilson Sonsini Goodrich & Rosati represented Armada II in the transaction. The Wilson Sonsini team includes:

Mergers & Acquisitions
Ethan Lutske
Kenji Strait
Kaleigh Hawkins-Schulz
Ava Munson
Valerie Lopez
Yifeng Li

Corporate
Patrick Schultheis
Jeana Kim
Victor Nilsson
Ashley Schmidt
Hanna Kim
Hugh Strike

Delaware Corporate
Amy Simmerman
Brian Currie
Sarah Hand

Antitrust and Competition
Ben Labow
Kimberley Biagioli

Technology Transactions
Scott McKinney

Employee Benefits and Compensation
Michael Klippert
Jason Chan
Laura Yun

Tax
Derek Wallace
Annie Jeong

For more information, please see Evernorth’s news release.