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An XRP treasury SPAC surges nearly 300% ahead of Evernorth merger

CoinDesk· Shaurya Malwa· Oct 5, 2026 · 12:28 PM
An XRP treasury SPAC surges nearly 300% ahead of Evernorth merger

Armada Acquisition Corp. II rose about 270% last week, leaving the thinly traded shell at nearly four times its roughly $10.50 trust value before merging with Evernorth, an XPR treasury company.

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