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Pathfinder Digital Assets LLC / Ripple Labs Inc.

private/Armada Acquisition Corp. IIprivate

Armada Acquisition Corp. II merges with Pathfinder Digital Assets/Ripple Labs

StockDefinitive Proxymedium confidence

Merger Arbeconomics, downside, days

Deal value

stock

Per-share offer

Premium

Days to close

Term fee

ConsiderationStock
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

No structured deal economics extracted yet. Re-run the scanner or fall back to the source filing below.


Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required
Vote date
Record date
Mailing date
Record → vote
Threshold
Min approvalparsed
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups

No closing-condition data extracted.


Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

Acquirer side· Armada Acquisition Corp. II

Legal

Polk & Wardwell LLP

  • · Daniel P. Gibbons
  • · Derek Dostal
  • · Evan Rosen
  • · Meaghan Kennedy
  • · Saagar Kaul
Daniel P. Gibbons Derek Dostal Evan Rosen Meaghan Kennedy Saagar Kaul Davis Polk & Wardwell LLP 450 Lexington Ave. New York, NY 10017 (212) 450-4000

Target side· Pathfinder Digital Assets LLC / Ripple Labs Inc.

Legal

Wilson Sonsini Goodrich & Rosati, P.C.

  • · Patrick Schultheis
  • · Jeana S. Kim
  • · Victor Nilsson
Patrick Schultheis Jeana S. Kim Victor Nilsson Wilson Sonsini Goodrich & Rosati, P.C. 701 Fifth Ave., Suite 5100 Seattle, WA 98104 (206) 883-2500

Counterparty Historyprior deals in DB
FirmRoleSideDeals in DB
Polk & Wardwell LLPLegalAcquirer1View deals →
Wilson Sonsini Goodrich & Rosati, P.C.LegalTarget1View deals →

Sources

Armada Acquisition Corp. II (SPAC) is combining with Pathfinder Digital Assets LLC and Ripple Labs Inc. in a business combination under a Business Combination Agreement dated October 19, 2025. The transaction will result in a publicly traded company called Evernorth Holdings Inc. with multiple classes of common stock and warrants. This S-4/A amendment updates the registration statement for the proposed merger and related equity offerings.

Item id: 00ccb884-361d-4857-9fe8-ee1845627e11 · ingested Apr 24, 2026