Armada Acquisition Corp II / Evernorth 2025
Armada Acquisition Corp II acquired Evernorth Holdings Inc. for $1.0B on October 20, 2025.
- Target
- Evernorth Holdings Inc.
- Acquirer
- Armada Acquisition Corp II
- Deal value
- $1.0B
- Announced
- October 20, 2025
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Armada Acquisition Corp II announced the acquisition of Evernorth Holdings Inc. on October 20, 2025 for $1.0B.
- The deal is expected to close pending customary conditions.
Strategic rationale
Public treasury vehicle to accumulate XRP and participate in institutional lending, liquidity provisioning, and DeFi yield opportunities to drive XRP adoption at scale.
Deal terms & multiples
Frequently asked questions
How much did Armada Acquisition Corp II pay for Evernorth Holdings Inc.?
Armada Acquisition Corp II acquired Evernorth Holdings Inc. for $1.0B, announced on October 20, 2025.
When did Armada Acquisition Corp II announce the acquisition of Evernorth Holdings Inc.?
Armada Acquisition Corp II announced the acquisition of Evernorth Holdings Inc. on October 20, 2025.
What sub-sector is Evernorth Holdings Inc. in?
Evernorth Holdings Inc. is tracked in the Crypto / Digital Assets sub-sector.
Sources
- manilatimes.net /2025/10/20/tmt-newswire/pr-newswire/evernorth-to-go-public-with-over-1-billion-in-gross-proceeds/2204163