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Friday, October 9, 2026

Equity Corporate Actions Alert #2026 - 726
(UPDATED: Closed) Information Regarding the Business Combination of Armada Acquisition Corp. II (XRPN/W/U) and Evernorth Holdings, Inc.

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  • Industry Announcement

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The business combination of Armada Acquisition Corp. II (XRPN/W/U) and Evernorth Holdings, Inc. closed today, October 9, 2026. One day before closing, the company effected a name change to Arrington Capital SPAC I Inc. and the company redomiciled from the Cayman Islands to Delaware. As a result of the business combination, the common stock, warrant, and unit of Armada Acquisition Corp. II (XRPN/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Armada Acquisition Corp. II Class A Ordinary Shares
CUSIP#: G0R38G104
Symbol: XRPN
Last Trading Date: October 9, 2026
Marketplace Effective Date for Suspension: October 12, 2026
Merger Consideration: One (1) Evernorth Holdings, Inc. Class A Ordinary Share for each share held.
Company Name/Issue: Armada Acquisition Corp. II Warrant
CUSIP#: G0R38G112
Symbol: XRPNW
Last Trading Date: October 9, 2026
Marketplace Effective Date for Suspension: October 12, 2026
Merger Consideration: One (1) Evernorth Holdings, Inc. Warrant for each warrant held.
Company Name/Issue: Armada Acquisition Corp. II Units
CUSIP#: G0R38G120
Symbol: XRPNU
Last Trading Date: October 9, 2026
Marketplace Effective Date for Suspension: October 12, 2026
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the Class A Ordinary Shares (XRPN) and the Warrants (XRPNW) on the Nasdaq Global Market. The symbols XRPN and XRPNW will be reassigned to Evernorth Holdings. The details are as follows:

Company Name/Issue: Evernorth Holdings, Inc. Class A Ordinary Shares
CUSIP#: 299946103
Symbol: XRPN
Marketplace Effective Date: October 12, 2026

Company Name/Issue: Evernorth Holdings, Inc. Warrants expiring 10/07/2031
CUSIP#: 299946111
Symbol: XRPNW
Marketplace Effective Date: October 12, 2026

If you would like to register as a market maker in XRPN or XRPNW contact Nasdaq Trading Services at +1 212 231 5100.


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