XRP Treasury SPAC Surges Nearly 300% Ahead of Evernorth Merger
Key Highlights: Calculations indicate roughly 80% of Armada’s trust funds may be returned to shareholders via redemptions, potentially shrinking the public float. Evernorth anticipates holding around 473 million XRP—valued at approximately $714 million at Monday’s price of $1.51—alongside roughly $300 million in gross cash proceeds. The public listing arrives amid post-merger headwinds for digital asset ...