Armada Acquisition Corp II / Evernorth 2025
Armada Acquisition Corp II acquired Evernorth Holdings Inc. on October 20, 2025.
- Target
- Evernorth Holdings Inc.
- Acquirer
- Armada Acquisition Corp II
- 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.
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
Sources
- manilatimes.net /2025/10/20/tmt-newswire/pr-newswire/evernorth-to-go-public-with-over-1-billion-in-gross-proceeds/2204163