XRP treasury SPAC drops 50% in a day ahead of Evernorth’s Nasdaq debut

Evernorth delayed its Nasdaq debut after shares of the SPAC taking the XRP treasury company public lost half their value. Armada Acquisition Corp. II, which currently trades under the XRPN ticker, closed Tuesday at $19.20, down 50.3% from $38.65 a day earlier, according to data…