Armada Acquisition Corp. II, which is preparing to merge with $XRP reserve company Evernorth, has seen a remarkable surge in its shares. Shares of the company, traded under the ticker symbol XRPN, have gained approximately 273% in value over the past week.
Shares in Armada Acquisition Corp. II, which is slated to take Evernorth public, have surged 273% in a week. The merger is expected to be completed on October 7th.
The stock closed the last trading day of the week at $39.42, having risen 68% in a single day. It also touched the $53 level during trading. XRPN was trading at approximately $10.58 a week earlier. Evernorth stated that it expects the merger to be completed on October 7th, provided the remaining conditions are met.
