---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-279035"
form_type: "8-K"
ticker: "XRPN"
cik: "0002044009"
company_name: "Armada Acquisition Corp. II"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:40:24.912545+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Evernorth files confidential S-4 for merger with Armada II; $1B raised for XRP treasury

## Summary
- Evernorth Holdings confidentially submitted draft S-4 to SEC for business combination with Armada II SPAC.
- Expected close in Q1 2026, subject to Armada II shareholder approval and customary conditions.
- New company raised over $1B in gross proceeds to create largest public XRP treasury company on Nasdaq.
- Deal was originally announced on October 20, 2025; S-4 filing marks a key milestone.
- Evernorth CEO Asheesh Birla said the submission is a significant step toward public listing for institutional XRP adoption.

## SEC filing metadata
- accession: 0001193125-25-279035
- form_type: 8-K
- ticker: XRPN
- cik: 0002044009
- company_name: Armada Acquisition Corp. II
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2044009/000119312525279035/0001193125-25-279035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2044009/000119312525279035/d17530d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-279035
- JSON: https://secwatch.observer/filing/0001193125-25-279035.json
- Plain text: https://secwatch.observer/filing/0001193125-25-279035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.