Exhibit 2.1 BUSINESS COMBINATION AGREEMENT by and among ARMADAACQUISITION CORP. II, as SPAC, EVERNORTH HOLDINGS INC., as Pubco, EVERNORTH CORPORATE MERGER SUB INC., as SPAC Merger Sub, PATHFINDER DIGITAL ASSETS LLC, as the Company, EVERNORTH COMPANY MERGER SUB LLC, as Company Merger Sub, and RIPPLE LABS INC., as Ripple October 19, 2025 TABLE OF CONTENTS ARTICLE I DEFINITIONS ARTICLE II MERGERS | 2.1 | SPAC Domestication | 17 | | --- | --- | --- | | 2.2 | Company Merger | 17 | | 2.3 | SPAC Merger | 17 | | 2. ...