$XRP Evernorth Completes SPAC Merger, Prepares for Nasdaq Listing Under Ticker XRPN
This is major news for the XRP community. Evernorth Holdings has just completed its merger with the SPAC Armada Acquisition Corp. II an initiative launched by Arrington XRP Capital Fund. Common shares are expected to begin trading on Nasdaq under the ticker XRPN starting October 12, 2026, with the company set to ring the Nasdaq closing bell on October 14.
Key figures:
Holds approximately 473 million XRP
Raised approximately $300 million in gross cash proceeds (before fees)
Investors: Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, GSR, etc.
Founder & CEO Asheesh Birla stated that the goal is to build an actively managed fund for XRP, support ecosystem growth, and meet the transparency and governance requirements of public markets. As institutional DeFi expands alongside tokenized assets, on-chain credit markets, and payment infrastructure requiring capital Evernorth aims to serve as that source of capital, operating under the reporting and governance standards of a Nasdaq-listed company.
Michael Arrington noted that supporting Evernorth represents an extension of his vision for XRP bringing in large-scale capital, active participation, and public company standards.
XRP gains another channel for institutional capital access via Nasdaq. What are your thoughts on the long-term impact?
News is for reference, not investment advice. Please read carefully before making a decision.
This is major news for the XRP community. Evernorth Holdings has just completed its merger with the SPAC Armada Acquisition Corp. II an initiative launched by Arrington XRP Capital Fund. Common shares are expected to begin trading on Nasdaq under the ticker XRPN starting October 12, 2026, with the company set to ring the Nasdaq closing bell on October 14.
Key figures:
Holds approximately 473 million XRP
Raised approximately $300 million in gross cash proceeds (before fees)
Investors: Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, GSR, etc.
Founder & CEO Asheesh Birla stated that the goal is to build an actively managed fund for XRP, support ecosystem growth, and meet the transparency and governance requirements of public markets. As institutional DeFi expands alongside tokenized assets, on-chain credit markets, and payment infrastructure requiring capital Evernorth aims to serve as that source of capital, operating under the reporting and governance standards of a Nasdaq-listed company.
Michael Arrington noted that supporting Evernorth represents an extension of his vision for XRP bringing in large-scale capital, active participation, and public company standards.
XRP gains another channel for institutional capital access via Nasdaq. What are your thoughts on the long-term impact?
News is for reference, not investment advice. Please read carefully before making a decision.