The merger between Evernorth Holdings and SPAC Armada Acquisition Corp. II has entered its final stage, with shareholders convening a special meeting for final approval. The combined entity will become the largest publicly traded company with XRP reserves, planning to list on Nasdaq under the ticker symbol XRPN. The deal has secured over $1 billion in investment commitments from institutional investors, including SBI Holdings and Arrington Capital, and holds approximately 473 million XRP tokens. The transaction is expected to close in the fourth quarter of 2026.