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Ripple-Backed Firm Plans SPAC, Raising $1B to 'Create the Largest Public XRP Treasury'
Yahoo Finance·2025-10-20 22:18

A newly formed Nevada company says it will go public and build what it calls a large, publicly traded xrp treasury through a merger with a blank-check firm. Evernorth Holdings disclosed the plan in a press release Monday, saying it signed a business combination agreement with Armada Acquisition Corp II (AACI). If the deal closes, the combined company is slated to keep the Evernorth name and “is expected” to trade on Nasdaq under XRPN. The companies are targeting the first quarter of 2026, subject to share ...