Armada Acquisition Corp. II
XRPNW
NASDAQ Global Market0.79
USD
-0.01
- -
CIK
0002044009
ISIN
KYG0R38G1123
CUSIP
G0R38G120
Return %
Stock
S&P500
1Y
-16.81
26.84
3Y
-16.81
77.03
5Y
-16.81
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Taryn Jogi Naidu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 382 NE 191st Street, Suite 52895 Miami FL United States of America 33179
- IPO Date
- Oct 24, 2025
- CIK
- 0002044009
- Website
- armadaacq.com
- Similar Companies
- Business
- Armada Acquisition Corp. II is a publicly traded special purpose acquisition company (SPAC) formed in October 2024 as a Cayman Islands exempted company with the primary objective of effecting mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar business combinations. The company focuses on identifying and acquiring target businesses primarily in the financial services (FinTech), Software-as-a-Service (SaaS), and generative artificial intelligence (AI) sectors, which it believes offer strong growth potential. Armada Acquisition Corp. II operates with a disciplined due diligence process to ensure strategic alignment and value creation for its shareholders. It conducts its operations mainly in the United States but has a broad mandate not limited by geography. The company’s principal product and service offerings revolve around capital raising through initial public offerings (IPOs) and using the proceeds to acquire or merge with private companies that lack access to public capital markets in the current environment. Armada Acquisition Corp. II acts as a sponsor and manager of SPAC vehicles to facilitate public listings and capital market access for innovative small and mid-cap technology companies in the targeted industries. In recent developments, Armada Acquisition Corp. II completed a significant Sponsor Securities Purchase Agreement in August 2025, wherein Arrington XRP Capital Fund, LP acquired securities previously held by the original sponsor, Armada Sponsor II LLC, becoming the new sponsor and strategic partner. This transaction marked a strategic shift reinforcing Armada’s focus on digital assets and blockchain-related fintech investments. Additionally, Armada Acquisition Corp. II announced its ticker symbol change to XRPN in October 2025 to better align with its new $1 billion strategic initiative centered on exposure to XRP, a prominent digital asset developed by Ripple. The company also entered into a definitive business combination agreement with Evernorth Holdings Inc., a Nevada corporation focused on institutional-scale adoption of XRP, with the transaction expected to raise over $1 billion in gross proceeds to support acquiring XRP assets and other corporate purposes. This partnership includes prominent investors such as SBI, Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and participation from Ripple co-founder Chris Larsen, underscoring Armada’s strategic pivot towards blockchain fintech and digital currency markets. Armada Acquisition Corp. II is managed by an experienced leadership team including Stephen P. Herbert as Chairman and CEO and Taryn Naidu as its newly appointed CEO as part of the recent sponsorship transition. The company is headquartered in Miami, Florida, and leverages its management team's extensive public market and SPAC expertise to identify and close transformative business combinations. Overall, Armada Acquisition Corp. II positions itself as a financial vehicle facilitating the public market entry for promising private companies primarily in technology-focused sectors while recently expanding into digital asset-related ventures through strategic partnerships and capital initiatives aimed at institutional XRP adoption. This evolution reflects its commitment to capitalizing on emerging fintech and blockchain opportunities supported by significant investment backing and operational shifts within the last two years.