Evernorth Brings 473 Million XRP to Nasdaq as SPAC Merger Completes

The shareholders of Armada Acquisition Corp. II approved the merger with Evernorth Holdings on September 30, 2026. As a result, a company holding around 473 million XRP will trade on the Nasdaq under the ticker XRPN from October 8.

This development is significant for investors in Germany, who now have two options to gain exposure to XRP: buying the share of a US company or the coin itself. However, the tax implications of these two routes differ significantly, with the share potentially leading to savings of several thousand euros when the stake is large enough.

Armada Acquisition Corp. II is a special purpose acquisition vehicle (SPAC) that was founded on October 3, 2024, and backed by the Arrington XRP Capital Fund. The company's chairman is Michael Arrington, with Taryn Naidu as its chief executive.