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XRP Treasury SPAC Soars Nearly 300% Prior to Evernorth Deal

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that has positioned itself as a vehicle for an XRP‑based treasury operation, experienced a dramatic price rally in the week leading up to its announced merger with Evernorth. Investors watching the thinly traded stock saw its market price climb by nearly three‑hundred percent, a surge that placed the share price at roughly …

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Nearly 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) created to facilitate the public listing of an XRP treasury enterprise, has experienced a dramatic surge in its market price over the past week. Investors have driven the share price up by roughly 270 percent, propelling the stock to a level that is nearly four times higher than the estimated net asset value (NAV) held in t…

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Close to 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) focused on the burgeoning XRP treasury sector, experienced an extraordinary surge in its share price during the past week. The stock, which had previously been trading in a relatively thin market, rocketed upward by nearly 270 percent, propelling its market value to almost four times the estimated $10.50 per share held in t…

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Almost 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that has positioned itself as a gateway for the XRP treasury ecosystem, experienced an extraordinary rally in its share price during the past week. The stock jumped close to 270 percent, a move that catapulted the thinly traded shell to a market valuation that is almost four times higher than the estimated $10.50 per share …

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Almost 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that focuses on the XRP treasury ecosystem, experienced a dramatic surge in its market price during the last trading week. The stock rallied by close to 270 percent, a rise that lifted the share price to nearly four times the value of the cash held in its trust account, which is estimated at about $10.50 per share. This ext…

Oct. 5, 2026, 12:28 p.m.

Markets

XRP treasury SPAC jumps nearly 300% before Evernorth merger

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Close to 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that has been quietly circulating in the over‑the‑counter market, experienced a dramatic price rally last week that captured the attention of both retail traders and institutional observers. The stock, which typically trades on very low volume, jumped by roughly 270 percent, propelling its market price to nearly four times …

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Jumps Almost 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that focuses on the burgeoning XRP treasury sector, has experienced an extraordinary rally in its share price over the last seven days. Investors have driven the stock up by close to 270 percent, a surge that has taken the company’s market value to almost four times the amount held in its trust account, which sits at roughl…

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Almost 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) that focuses on the burgeoning XRP treasury sector, has experienced a dramatic surge in its market price over the course of the last week. Investors watching the thinly traded shell have seen its share price climb by nearly three‑fold, a rise that translates to an approximate 270 percent increase. This extraordinary rally h…

Oct. 5, 2026, 12:28 p.m.

Markets

XRP Treasury SPAC Soars Nearly 300% Prior to Evernorth Merger

Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) created to target opportunities within the digital asset space, has experienced a dramatic price rally in recent trading sessions. Over the course of the past week, the unit’s share price climbed by nearly 270 percent, a movement that propelled the market value of the shell company to roughly four times the estimated net as…

Oct. 5, 2026, 12:28 p.m.