Evernorth Holdings Inc disclosed in an October 6, 2026 SEC filing an administrative delay in its business combination with Armada Acquisition Corp II The merged entity now expects to close Oc
Evernorth Holdings Inc, a San Francisco-based company building an XRP-focused corporate treasury, disclosed in an 8-K filed with the SEC on October 6, 2026 that an administrative delay has pushed back the closing of its business combination with Armada Acquisition Corp II.
The filing revised the expected timeline, with the merger now set to close on October 9, 2026, ahead of the combined company beginning to trade on Nasdaq on October 12 under the new ticker symbol “XRPN.” Evernorth is classified as an emerging growth company in the filing, and the delay appears to be procedural rather than tied to any change in deal terms.
Evernorth has positioned itself around a mission to “build the world’s leading institutional XRP treasury,” with plans to execute DeFi yield strategies on its holdings and “drive institutional adoption of XRP” more broadly, according to language in the filing. The new ticker, XRPN, directly references the token at the center of the company’s strategy, mirroring how other digital-asset treasury companies have branded their public listings around their core holdings.
Asheesh Birla, a former Ripple executive, signed the filing as Evernorth’s chief executive officer, lending the venture a direct connection to Ripple’s own institutional XRP ecosystem. Birla’s background at Ripple, where he worked on cross-border payments infrastructure built around the XRP Ledger, has been central to how Evernorth has pitched its strategy to investors as it works toward a public listing, arguing that his operational experience gives the company an edge in deploying XRP across institutional payment corridors.
The company did not disclose new financial figures in this particular filing, focusing instead on the revised timeline for closing and listing. Evernorth’s planned Nasdaq debut adds to a wave of publicly traded treasury vehicles built around specific tokens beyond bitcoin, following similar structures that have emerged around ether, Solana and other major digital assets over the past year as companies compete to offer investors leveraged, ticker-based exposure to individual cryptocurrencies. The short administrative delay, pushing the closing back only a few days, suggests the underlying merger terms themselves remain intact heading into the new target date.
This post first appeared in Evernorth XRP Treasury SPAC Pushes Nasdaq Listing to October 12 Under New Ticker “XRPN”
