New ticker aligns with new $1 billion technique for XRP publicity on NASDAQ
MIAMI, Oct. 29, 2025 /PRNewswire/ — Armada Acquisition Corp. II, a particular goal acquisition firm (“Armada II”) sponsored by Arrington XRP Capital Fund, as we speak introduced that it’s going to change the ticker image for its Class A abnormal shares on NASDAQ from “AACI” to “XRPN.” As well as, the ticker image for its models will change from “AACIU” to “XRPNU” and the ticker image for its warrants will change from “AACIW” to “XRPNW.” The ticker image adjustments shall be efficient upon the graduation of buying and selling on NASDAQ on October 30, 2025. Representing a key milestone within the firm’s strategic transformation, this variation underscores the corporate’s evolution into the world’s main institutional XRP digital asset treasury firm.
The ticker image adjustments come on the heels of final week’s announcement that Evernorth Holdings, Inc., a newly shaped Nevada company (“Evernorth”), has executed a enterprise mixture settlement with Armada II (the “Enterprise Mixture Settlement”) which is able to lead to a brand new firm that has raised over $1 billion in gross proceeds to fund open-market purchases of XRP.
“Because the SPAC sponsor and longtime XRP fanatics, we at Arrington Capital have excessive conviction in Evernorth’s potential to drive significant affect and add shareholder worth,” stated Michael Arrington, founding father of Arrington Capital & Chairman of the Board at Armada Acquisition Corp. II. “In latest months, XRP has maintained its prominence in an ecosystem that continues to increase by means of daring product improvements, a relentless neighborhood and a string of notable new contributors – together with Hidden Highway, GTreasury, Rail and Commonplace Custody.”
For extra info on Evernorth, go to www.evernorth.xyz.
About Evernorth
At closing of a newly introduced Enterprise Mixture Settlement with Armada II, Evernorth shall be a publicly traded digital asset treasury that gives buyers with publicity to XRP by means of a regulated, liquid, and clear construction. In contrast to ETFs, Evernorth intends to actively develop its XRP per share by means of a mixture of institutional and DeFi yield methods, ecosystem participation, and capital markets actions.
About Arrington Capital
Arrington Capital is a digital asset administration agency primarily targeted on blockchain-based capital markets. The agency, co-founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington, has invested in a whole bunch of startups around the globe. Arrington Capital is a seasoned, worldwide group composed of Silicon Valley veterans and operators with deep enterprise capital expertise and crypto native roots. Arrington XRP Capital Fund, LP is the SPAC sponsor for Armada Acquisition Corp II Moreover, Rippleworks’ funding on this PIPE transaction shall be completed by means of the Arrington XRP Capital Fund, LP.
About Armada Acquisition Corp. II (Nasdaq: XRPN)
Armada II is a particular goal acquisition firm shaped for the aim of effecting a merger, share alternate, asset acquisition, share buy, recapitalization, reorganization or comparable enterprise mixture with a number of companies. Armada II was based on October 3, 2024.
Further Data and The place to Discover It
Armada II and Evernorth intend to file with the Securities and Change Fee (the “SEC”) a Registration Assertion on Kind S-4 (as could also be amended, the “Registration Assertion”), which is able to embody a preliminary proxy assertion of Armada II and a prospectus of Evernorth (the “Proxy Assertion/Prospectus”) in reference to the proposed enterprise mixture (the “Enterprise Mixture”), sure personal placements of securities in reference to the Enterprise Mixture (the “Personal Placement Transactions”) and the opposite transactions contemplated by the Enterprise Mixture Settlement and/or as described on this press launch (along with the Enterprise Mixture and the Personal Placement Transactions, the “Proposed Transactions”). The definitive proxy assertion and different related paperwork shall be mailed to shareholders of Armada II as of the report date to be established for voting on the Enterprise Mixture and different issues as described within the Proxy Assertion/Prospectus. Armada II and/or Evernorth may even file different paperwork concerning the Proposed Transactions with the SEC. This press launch doesn’t comprise all the info that must be thought-about in regards to the Proposed Transactions and isn’t meant to kind the premise of any funding determination or another determination in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF ARMADA II AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH ARMADA II’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT ARMADA II, PATHFINDER DIGITAL ASSETS LLC, EVERNORTH AND THE PROPOSED TRANSACTIONS. Traders and safety holders may even be capable to get hold of copies of the Registration Assertion and the Proxy Assertion/Prospectus and all different paperwork filed or to be filed with the SEC by Armada II and Evernorth, with out cost, as soon as accessible, on the SEC’s web site at www.sec.gov, or by directing a request to: Armada Acquisition Corp. II, 382 NE 191st St., Suite 52895, Miami, Florida 33179-52895; e-mail: [email protected], or to: Evernorth Holdings Inc., 600 Battery St, San Francisco, CA 94111, e-mail: [email protected].
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION, OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
The securities to be issued by Evernorth and the models to be issued by Pathfinder Digital Property LLC (“Pathfinder”), in every case, in reference to the Proposed Transactions, haven’t been registered beneath the Securities Act of 1933, as amended (the “Securities Act”) and is probably not supplied or offered in america absent registration or an relevant exemption from the registration necessities of the Securities Act.
Members within the Solicitation
Armada II, Evernorth, Pathfinder and their respective administrators and government officers could also be deemed beneath SEC guidelines to be members within the solicitation of proxies from Armada II shareholders in reference to the Enterprise Mixture. An inventory of the names of such administrators and government officers, and knowledge concerning their pursuits within the Enterprise Mixture and their possession of Armada II’s securities is, or shall be, contained in Armada II’s filings with the SEC. Further info concerning the pursuits of the individuals who might, beneath SEC guidelines, be deemed members within the solicitation of proxies from Armada II shareholders in reference to the Enterprise Mixture, together with the names and pursuits of Pathfinder and Evernorth’s administrators and government officers, shall be set forth within the Proxy Assertion/Prospectus, which is predicted to be filed by Armada II and Evernorth with the SEC. Traders and safety holders might get hold of free copies of those paperwork as described above.
No Provide or Solicitation
This press launch is for informational functions solely and isn’t a proxy assertion or solicitation of a proxy, consent or authorization, with respect to any securities or in respect of the Proposed Transactions and shall not represent a suggestion to promote or alternate, or a solicitation of a suggestion to purchase or alternate the securities of Armada II, Pathfinder or Evernorth, or any commodity or instrument or associated spinoff, nor shall there be any sale of any such securities in any state or jurisdiction wherein such supply, solicitation, sale or alternate can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction. No supply of securities shall be made besides by way of a prospectus assembly the necessities of the Securities Act or an exemption therefrom. Traders ought to seek the advice of with their counsel as to the relevant necessities for a purchaser to avail itself of any exemption beneath the Securities Act.
Ahead-Trying Statements
This press launch comprises sure forward-looking statements throughout the that means of the U.S. federal securities legal guidelines with respect to the Proposed Transactions and the events thereto. All statements contained on this press launch apart from statements of historic truth, together with, with out limitation, statements concerning the efficient date of the ticker image adjustments; statements concerning the Enterprise Mixture between Armada II and Evernorth; the anticipated advantages and timing of the transaction; anticipated buying and selling of the mixed firm’s securities on Nasdaq; the completion of investments from sure institutional buyers; the anticipated quantity of gross proceeds from investments; the anticipated use of proceeds from such investments; the evolution of the corporate into, and the constructing of the world’s main institutional XRP treasury; the quantity of XRP anticipated to be held by the mixed firm; the mixed firm’s future monetary efficiency, the flexibility of the mixed firm to execute its enterprise technique, its market alternative and positioning; expectations concerning institutional and retail adoption of XRP and participation in DeFi yield methods; the mixed firm’s contributions to the expansion and maturity of the ecosystem, utilizing an method designed to generate returns for shareholders, supporting XRP’s utility and adoption, alignment with the expansion of the XRP ecosystem, and changing into the main institutional car for XRP; administration making certain operational independence, taking XRP’s presence in capital markets to the following stage, and different statements concerning administration’s intentions, beliefs, or expectations with respect to the mixed firm’s future efficiency, are forward-looking statements.
Ahead-looking statements are sometimes recognized by way of phrases equivalent to “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “count on,” “intend,” “might,” “may,” “plan,” “potential,” “predict,” “mission,” “ought to,” “will,” “would,” and comparable expressions, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking.
These forward-looking statements are primarily based on the present expectations and assumptions of Armada II and Evernorth and are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. Such dangers and uncertainties embody, however usually are not restricted to: (1) the incidence of any occasion, change or different circumstances that would delay or forestall the consummation of the proposed Enterprise Mixture; (2) the end result of any authorized proceedings which may be instituted towards Armada II, Evernorth, the mixed firm, or others following the announcement of the Proposed Transactions; (3) the lack to finish the Enterprise Mixture on account of failure to acquire shareholder approval or fulfill different closing circumstances; (4) the lack to finish the Personal Placement Transactions, (5) adjustments to the construction, timing, or phrases of the Proposed Transactions; (6) the flexibility of the mixed firm to fulfill relevant itemizing requirements or to take care of the itemizing of its securities following the closing of the Enterprise Mixture; (7) the chance that the announcement and consummation of the transaction disrupts present plans and operations; (8) the flexibility to acknowledge the anticipated advantages of the Enterprise Mixture, together with the flexibility to construct and handle an institutional XRP treasury, execute DeFi yield methods, and drive institutional adoption of XRP; (9) adjustments in market, regulatory, political, and financial circumstances affecting digital property usually or XRP particularly; (10) the prices associated to the Proposed Transactions and people arising on account of changing into a public firm; (11) the extent of redemptions of Armada II’s public shareholders which can cut back the general public float of, cut back the liquidity of the buying and selling market of, and/or keep the citation, itemizing, or buying and selling of securities of Armada II or of Evernorth; (12) the volatility of the worth of XRP and different digital property, the correlation between XRP’s value and the worth of Evernorth’s securities, and the chance that the worth of XRP might lower between the signing of the definitive paperwork for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; (13) dangers associated to elevated competitors within the industries wherein Evernorth will function; (14) dangers associated to adjustments in U.S. or overseas legal guidelines and rules relevant to digital property or securities; (15) the likelihood that the mixed firm could also be adversely affected by aggressive components, investor sentiment, or different macroeconomic circumstances; (16) the chance of being thought-about to be a “shell firm” by any inventory alternate on which Evernorth securities shall be listed or by the SEC, which can affect the flexibility to listing Evernorth’s securities and limit reliance on sure guidelines or kinds in reference to the providing, sale or resale of securities; (17) the end result of any potential authorized proceedings which may be instituted towards the Pathfinder, Armada II, Evernorth or others following announcement of the Enterprise Mixture; and (18) different dangers detailed now and again in Armada II’s filings with the SEC, together with the Registration Assertion and associated paperwork filed or to be filed in reference to the Enterprise Mixture.
The foregoing listing of threat components will not be exhaustive. You need to fastidiously take into account the foregoing components and the opposite dangers and uncertainties described within the “Danger Elements” part of the ultimate prospectus of Armada II dated Could 20, 2025 and filed by Armada II with the SEC on Could 21, 2025, Armada II’s Quarterly Report on Kind 10-Q filed with the SEC on August 11, 2025, and the Registration Assertion and Proxy Assertion/Prospectus that shall be filed by Evernorth and Armada II, and different paperwork filed by Armada II and Evernorth now and again with the SEC, in addition to the listing of threat components included herein. These filings do or will determine and tackle different necessary dangers and uncertainties that would trigger precise outcomes to vary materially from these contained within the forward-looking statements. Further dangers and uncertainties not at present identified or which might be at present deemed immaterial can also trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. Readers are cautioned to not put undue reliance on forward-looking statements, and not one of the events or any of their representatives assumes any obligation and don’t intend to replace or revise these forward-looking statements, every of which is made solely as of the date of this press launch.