Welcome to our dedicated page for XRPN news (Ticker: XRPN), a resource for investors and traders seeking the latest updates and insights on XRPN stock.
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Evernorth announced a business combination with Armada Acquisition Corp II (Nasdaq: AACI) to go public, targeting a Nasdaq listing under the ticker XRPN and expected to close in Q1 2026 subject to customary conditions.
The transaction is expected to raise over $1 billion in gross proceeds, including a $200 million investment from SBI and commitments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and others. Net proceeds will primarily fund open-market purchases of XRP to build an institutional XRP treasury, with remaining funds for working capital and transaction expenses.
