Evernorth Completes SPAC Merger with Armada II, to List on Nasdaq Oct 12
Evernorth Holdings, Inc. (Nasdaq: XRPN) announced completion of its business combination with Armada Acquisition Corp. II. Post-merger, the company holds approximately 473 million XRP and $300 million in gross cash proceeds. Shares begin trading on Nasdaq on October 12, 2026.
51CFO view：CFOs for SPAC-target companies must master ASC 805 business combination accounting, crypto asset valuation under ASC 820, and rapid SOX 404(a) internal control implementation. This merger underscores the need for US-listed-ready finance leaders who can handle non-cash consideration disclosure, pro forma financials, and SEC-mandated retroactive restatements.
Evernorth Holdings, Inc. (Nasdaq: XRPN) announced completion of its business combination with Armada Acquisition Corp. II. Post-merger, the company holds approximately 473 million XRP and $300 million in gross cash proceeds. Shares begin trading on Nasdaq on October 12, 2026.
Source：PR Newswire 金融