Ripple-backed Evernorth Holdings Inc. has announced plans to go public through a merger with special purpose acquisition company Armada Acquisition Corp II (Nasdaq: AACI). Upon completion, the combined entity will trade on Nasdaq under the ticker symbol “XRPN,” pending regulatory approval. The transaction is expected to raise over $1 billion in gross proceeds, including$200 million from SBI Holdings and additional investments from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR. Ripple co-founder Ch ...