Evernorth and Armada Acquisition Corp II to Merge - Will Use $1 Billion to Create an XRP Treasury

Evernorth Holdings Inc. and Armada Acquisition Corp II will merge to create a new publicly traded company. The merger will generate $1 billion in gross proceeds, which will then be used to buy XRP. Ripple CEO Brad Garlinghouse is set to be a strategic advisor to Evernorth.