Evernorth Completes SPAC Merger with Armada II, to List on Nasdaq Oct 12
Evernorth Holdings, Inc. announced completion of its business combination with Armada Acquisition Corp. II, resulting in ~473 million XRP and $300M gross cash proceeds. Its shares will begin trading on Nasdaq on October 12, 2026 under ticker XRPN.
51CFO view：CFOs must master ASC 805 retrospective application for SPAC mergers — including fair-value remeasurement of SPAC’s balance sheet, contingent consideration accounting, and pro forma financials. Companies targeting US listing via SPAC need CFOs with direct SPAC merger reporting experience, not just IPO background.
Evernorth Holdings, Inc. announced completion of its business combination with Armada Acquisition Corp. II, resulting in ~473 million XRP and $300M gross cash proceeds. Its shares will begin trading on Nasdaq on October 12, 2026 under ticker XRPN.
Source：PR Newswire 金融