# Evernorth Completes XRP Treasury Merger

> Evernorth merges with Armada to create XRP treasury company, accounting pending.
- Title: Evernorth Completes XRP Treasury Merger · TokenPost | Shortify
- Summary: Evernorth merges with Armada to create XRP treasury company, accounting pending. Evernorth Holdings completed its business combination with Armada…
- Keywords: evernorth, armada acquisition corp, xrp treasury, xrp, ripple, business combination, accounting treatment, crypto, finance, Completes, Treasury, Merger
- Source: TokenPost — https://tokenpost.com/news/business/29900
- Published: 2026-10-11T19:07:12+00:00
- Read time: 1 min
- Topics: evernorth, armada acquisition corp, xrp treasury, xrp, ripple, business combination, accounting treatment, crypto, finance
## Evernorth completes XRP treasury merger
Evernorth Holdings completed its business combination with Armada Acquisition Corp. II on Oct. 9, creating a publicly traded XRP treasury company whose final accounting treatment remains pending.
## XRP holdings expected to qualify for fair-value accounting
The registration filing described Evernorth’s XRP holdings as expected to qualify for fair-value accounting after the ownership change, where changes in XRP’s market value could flow through earnings.
## First post-merger financial statements pending
The company’s first post-merger financial statements will provide the next concrete indication of its applied accounting treatment and reported earnings impact.
## Key takeaway

Evernorth Holdings completed its business combination with Armada Acquisition Corp. II on Oct. 9, creating a publicly traded XRP treasury company with accounting treatment pending.