Retail investors see a gain of about 270%, but this shell is backed by just $10.50 in trust value.
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
Armada Acquisition Corp. II rose about 270% last week. Ahead of its merger with XRP treasury company Evernorth, the thinly traded shell’s share price had already climbed to nearly four times its roughly $10.50 trust value.
What’s rising isn’t the assets—it’s the shell.
A SPAC’s trust value is an anchor set by the rules. Before a merger closes, it has no necessary connection to the share price. When a shell’s price climbs to nearly four times that anchor, it shows that buyers are betting on the post-merger story, not the cash on its books.
Back to that $10.50 trust value—a shell that’s up 270% still has just $10.50 on its books.
#xrp财库公司evernorth完成spac合并
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
Armada Acquisition Corp. II rose about 270% last week. Ahead of its merger with XRP treasury company Evernorth, the thinly traded shell’s share price had already climbed to nearly four times its roughly $10.50 trust value.
What’s rising isn’t the assets—it’s the shell.
A SPAC’s trust value is an anchor set by the rules. Before a merger closes, it has no necessary connection to the share price. When a shell’s price climbs to nearly four times that anchor, it shows that buyers are betting on the post-merger story, not the cash on its books.
Back to that $10.50 trust value—a shell that’s up 270% still has just $10.50 on its books.
#xrp财库公司evernorth完成spac合并
