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Evernorth Completes SPAC Merger with Armada II; Shares to Trade on Nasdaq as XRPN on Oct 12

Flash2026-10-10

Evernorth Holdings, Inc. (Nasdaq: XRPN) announced completion of its business combination with Armada Acquisition Corp. II, resulting in ~473M XRP and ~$300M gross cash proceeds. Trading begins on Nasdaq on October 12, 2026. The merger triggers immediate SEC reporting obligations including Form 8-K, eligibility assessment for Form S-3, and preparation of first post-merger 10-Q.

51CFO view：CFO must immediately handle ASC 805 business combination accounting, crypto asset valuation under ASC 350/820, and convertible instrument remeasurement. First-year SOX 404(a) readiness and dual-reporting period financial statement presentation are critical — requiring prior SPAC merger and public company SEC reporting experience.

Evernorth Holdings, Inc. (Nasdaq: XRPN) announced completion of its business combination with Armada Acquisition Corp. II, resulting in ~473M XRP and ~$300M gross cash proceeds. Trading begins on Nasdaq on October 12, 2026. The merger triggers immediate SEC reporting obligations including Form 8-K, eligibility assessment for Form S-3, and preparation of first post-merger 10-Q.

Source：PR Newswire 金融
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