Evernorth Holdings Inc., a digital asset treasury company, has completed its business combination with special purpose acquisition company Armada Acquisition Corp. II. Its common stock began trading on the Nasdaq Stock Market under the ticker symbol XRPN on October 12, 2026.
At the time of its public market debut, Evernorth held approximately 473 million XRP. The company secured about $300 million in gross cash proceeds before expenses.
Evernorth aims to give investors exposure to the XRP economy through a regulated and transparent public structure. It plans to actively manage its XRP treasury and deploy capital to support the digital currency’s infrastructure and use cases.
Investors in the company include Arrington Capital, Ripple, Pantera Capital, and Kraken.