XRP Treasury Evernorth Completes SPAC Merger, Launches $473M XRP Holdings on Nasdaq
Evernorth has completed its merger with Armada Acquisition Corp. II and will begin trading on Nasdaq under ticker XRPN on October 12.
Evernorth has completed its merger with Armada Acquisition Corp. II and will begin trading on Nasdaq under ticker XRPN on October 12. XRP (XRP) is trading at $1.42, up 1.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (TronWeekly, Crypto.news), plus live market data, as of Mon, 12 Oct 2026 05:00:02 UTC.
The merger creates a publicly traded entity with significant XRP holdings, potentially increasing institutional exposure to the cryptocurrency and strengthening the XRP ecosystem.
- Evernorth completed its SPAC merger with Armada Acquisition Corp. II on October 9.
- The new entity holds approximately 473 million XRP and $300 million in cash.
- Nasdaq trading under ticker XRPN is expected to begin on October 12.
- XRP price remains near $1.40 amid the announcement.
TronWeekly and Crypto.news both report that Evernorth completed its merger with Armada Acquisition Corp. II on October 9 and will begin trading on Nasdaq under ticker XRPN on October 12. They agree on the firm's XRP holdings of approximately 473 million tokens and $300 million in cash. However, Crypto.news emphasizes the distinction between existing corporate holdings and potential new market activity, while TronWeekly focuses on the establishment of a publicly traded XRP ecosystem entity.
- XRP Treasury Evernorth Completes SPAC Merger, Launches $473M XRP Holdings on Nasdaq — this brief
- XRP Set to Trade on Nasdaq Through Evernorth Holdings
Evernorth, a company with a significant 
XRP treasury, has completed its business combination with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). This merger establishes a new publicly traded entity focused on the XRP ecosystem.
The combined entity holds approximately 473 million XRP and $300 million in gross cash proceeds. Trading under the ticker symbol XRPN is expected to commence on the Nasdaq on October 12, according to TronWeekly and Crypto.news.
The completion of the merger was announced on October 9, and the news comes as XRP's price remains near $1.40. The cryptocurrency has seen a slight 24-hour increase of 0.48% but has fallen by 7.49% over the past week.
The total crypto market cap stands at $2.89 trillion, with 
Bitcoin showing a 24-hour gain of 0.83%. The overall market sentiment, as measured by the Fear & Greed Index, is at 69, indicating 'Greed.'
The development could increase institutional exposure to XRP and strengthen the cryptocurrency's ecosystem. Investors will be watching the XRPN ticker on Nasdaq for further developments and potential market impact.
Since this brief published about 40 hours ago, XRP (XRP) has moved from $1.40 to $1.42 — +1.43%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹146.44 (about $1.42), up 1.5% over 24 hours. The rupee itself trades about 6.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Treasury Evernorth Completes SPAC Merger, Launches $473M — questions & answers
What is the value of Evernorth's XRP holdings?
Evernorth holds approximately 473 million XRP.
When will XRPN start trading on Nasdaq?
Nasdaq trading under ticker XRPN is expected to begin on October 12.
How much cash does the new entity have?
The combined entity has $300 million in gross cash proceeds.
How much is 1 XRP worth in rupee today?
About ₹146.44 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.42. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 1.43% since this brief first published — trading at $1.42 now versus $1.40 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.