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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 ~473 million XRP held and ~$300M gross cash proceeds. Trading begins on Nasdaq on October 12, 2026. The merger triggers immediate SEC reporting obligations under Exchange Act Rule 13a-13 and requires retrospective financial statement presentation per ASC 805.

51CFO view：CFOs must lead complex post-merger accounting: crypto asset valuation under ASC 350-60, pro forma disclosures for non-GAAP crypto holdings, and SOX-compliant controls over digital asset custody & reconciliation — all within 4 business days of listing.

Evernorth Holdings, Inc. (Nasdaq: XRPN) announced completion of its business combination with Armada Acquisition Corp. II, resulting in ~473 million XRP held and ~$300M gross cash proceeds. Trading begins on Nasdaq on October 12, 2026. The merger triggers immediate SEC reporting obligations under Exchange Act Rule 13a-13 and requires retrospective financial statement presentation per ASC 805.

Source：PR Newswire 金融
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