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Evernorth Announces Effectiveness of Form S-4 Registration Statement, Progresses Toward Planned Nasdaq-Listing

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Armada Acquisition Corp. II shareholders to vote on the transaction at a special meeting on September 30, 2026; if approved and the transaction closes, the combined company is expected to list on Nasdaq under the ticker “XRPN”Evernorth intends to deploy capital across the XRP economy through strategies designed to grow XRP per share over time

SAN FRANCISCO, Aug. 27, 2026 /PRNewswire/ — Evernorth Holdings, Inc. (“Evernorth”), a digital asset treasury building institutional access to the XRP economy at scale, and Armada Acquisition Corp. II (“Armada”) today announced that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the registration statement on Form S-4 relating to their proposed business combination.

“Today marks an important milestone toward completing our proposed business combination,” said Asheesh Birla, founder and CEO of Evernorth. “We set out to build an actively managed XRP treasury with the transparency and governance public markets demand. With the registration statement now effective, we are one step closer to delivering on our vision.”

Evernorth is a digital asset treasury company that holds XRP and will be actively participating in the XRP economy by allocating its capital to XRP-based infrastructure and deploying treasury strategies designed to grow XRP per share over time. The model is designed to provide a regulated, transparent vehicle for public-market investors seeking exposure to the XRP ecosystem.

Unlike the first generation of digital asset treasury companies, which focused primarily on buying and holding their underlying digital asset tokens, Evernorth is designed to actively manage its underlying treasury of XRP and by so doing expand the utility, value and scale of the XRP ecosystem.

“What excites me most is the opportunity in front of us,” Birla continued. “We plan to enter public markets as blockchain utility continues to grow, and we believe institutional finance will increasingly be built on-chain. Evernorth is designed to accelerate XRP‘s role in that work.”

The development of infrastructure for institutional on-chain finance is well underway, and tokenized assets, on-chain credit markets, and settlement rails all require capital to scale. Evernorth intends to be a source of that capital, with the reporting, governance and disclosure standards of a Nasdaq-listed company.

The company’s investors reflect that institutional foundation. Evernorth’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others. The business combination is expected to close in late Q3 or early Q4 2026, subject to shareholder approval and customary closing conditions.

Special Meeting Details

Effectiveness clears the way for Armada to convene a special meeting of its shareholders of record as of August 20, 2026 (the “Record Date”) to vote on the transaction, which will be held on September 30, 2026. That vote is one of the last key milestones before Evernorth’s debut as a public company on Nasdaq, where the combined company is expected to trade under the ticker “XRPN,” subject to the completion of the business combination and satisfaction of customary listing conditions. If approved, the proposed business combination is expected to close shortly thereafter, subject to the satisfaction of customary closing conditions.

About Evernorth

Formed through a business combination (to be completed) between Evernorth and Armada II, a NASDAQ-listed special purpose acquisition company (the “Business Combination”), pursuant to a definitive business combination agreement (the “Business Combination Agreement”), Evernorth, at closing, will be a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Evernorth intends to pursue strategies designed to grow its XRP per share over time through yield strategies, ecosystem participation, and capital markets activities. To learn more, please visit www.evernorth.xyz.

About Armada Acquisition Corp. II

Armada II is a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP. Armada II was founded on October 3, 2024. Armada II is led by the following seasoned investors and industry executives: Taryn Naidu, Chief Executive Officer, Michael Arrington, Chairman, Kyle Horton, Chief Financial Officer and board members Michael Arrington, Taryn Naidu, Richard Danis, Lindy Key and Ronald Palmeri. To learn more, visit www.arringtoncapital.com/armada.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed business combination, expected Nasdaq listing, and anticipated treasury strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the registration statement on Form S-4 filed with the SEC. Neither Evernorth nor Armada undertakes any obligation to update these statements, except as required by law.

Additional Information and Where to Find It

Evernorth filed with the SEC a registration statement on Form S-4 (the “Registration Statement”), which has been declared effective, in connection with the proposed business combination (the “Business Combination”), the private placements of securities in connection with the Business Combination (the “Private Placement Transactions”) and the other transactions contemplated by the Business Combination Agreement and/or as described in this press release (together with the Business Combination and the Private Placement Transactions, the “Proposed Transactions”). The Registration Statement was declared effective on August 27, 2026, and the definitive proxy statement and other relevant documents will be mailed to shareholders of Armada II as of the close of business of Record Date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. Armada II and Evernorth have also filed other documents regarding the Proposed Transactions with the SEC. This press release does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF ARMADA II AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH ARMADA II’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT ARMADA II, PATHFINDER DIGITAL ASSETS, EVERNORTH AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or to be filed with the SEC by Armada II and Evernorth, without charge, once available, on the SEC’s website at www.sec.gov, or by directing a request to: Armada Acquisition Corp. II, 382 NE 191st St., Suite 52895, Miami, Florida 33179-3899; e-mail: finance@arringtoncapital.com, or to: Evernorth Holdings Inc., 600 Battery St, San Francisco, CA 94111, email: finance@evernorth.xyz.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION, OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

SPAC, Pubco, Company and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from SPAC’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of SPAC’s securities is, or will be, contained in SPAC’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from SPAC’s shareholders in connection with the Business Combination, including the names and interests of Company and Pubco’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by SPAC and Pubco with the SEC. Investors and security holders may obtain free copies of these documents as described above.

No Offer or Solicitation

This press release is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of SPAC, the Company or Pubco, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

Media Contact
Prosek Partners for Evernorth
pro-evernorth@prosek.com

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SOURCE Evernorth Holdings Inc.

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Altimetrik Accelerates Enterprise AI Transformation with Google Cloud’s Gemini for Healthcare

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November 11, 2026

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BENGALURU, India, Nov. 11, 2026 /PRNewswire/ — Altimetrik, an AI engineering company, has launched new industry-specific AI capabilities built on Google Cloud’s Gemini for healthcare to automate complex enterprise workflows. As an integration partner, Altimetrik will help healthcare organizations put agentic AI to work on their most complex operational challenges.

Together, Google Cloud and Altimetrik will put these capabilities to work by integrating AI with existing enterprise data, systems, and workflows for healthcare organizations. Combining Google Cloud’s advanced AI capabilities with Altimetrik’s healthcare domain expertise and enterprise engineering, the collaboration aims to streamline administrative processes, improve access to clinical and operational information, and support more effective care coordination.

Altimetrik will build and deploy these solutions using its ALTi AIOS™ framework, complementing Google Cloud’s technology with workflow orchestration, and governance. The framework incorporates agent permissions, auditability, and human oversight into solution design, enabling healthcare organizations to adopt agentic AI responsibly.

“Pilots are easy. Scaling is the hard part, especially when AI must operate within decades of established systems, data, and processes,” said Raj Sundaresan, CEO of Altimetrik. “In healthcare, AI must earn the trust of the people delivering care. Since joining Google Cloud’s AI-native partner cohort earlier this year, our forward-deployed engineers have been helping organizations move agentic AI from pilot to production through ALTi AIOS™, ensuring every agent is permissioned, auditable, and accountable. Gemini for healthcare provides a powerful foundation for the industry, and we are proud to build on that foundation as a launch partner, while keeping care teams firmly in control.”

“Healthcare organizations need solutions that bridge cutting-edge AI with day-to-day operational realities,” said Satish Thomas, Vice President, Google Cloud. “Our collaboration with Altimetrik brings Gemini directly into mission-critical workflows, helping healthcare leaders to streamline administrative processes, improve coordination, and make data more actionable.”

Altimetrik first partnered with Google Cloud earlier this year when it became a part of the company’s cohort of AI-native partners to scale agentic AI across the global enterprise.

Learn more about how Altimetrik is building governed, agentic solutions that help healthcare teams make more confident decisions.

About Altimetrik

Altimetrik is an AI engineering company helping some of the most revered and iconic enterprises modernize systems, data, and processes at the heart of their business, so they can move faster, operate more efficiently, and innovate continuously. Through ALTi AIOS™, its AI-native operating system, Altimetrik combines the latest AI capabilities with deep engineering expertise to help clients solve complex challenges, accelerate modernization, and deliver measurable outcomes at scale.

Altimetrik’s clients get access to the latest AI innovations while maintaining flexibility to choose the right technologies for their business, through trusted relationships with OpenAI, Google Gemini, Anthropic, Databricks, and major hyperscalers.

A member of the World Economic Forum’s Centre for AI Excellence, the Forum’s global hub for shaping responsible AI, Altimetrik is also recognized in the 2025 Constellation Research ShortList™ for Global AI Services and named a Major Contender in multiple Everest Group PEAK Matrix® assessments, including Software Product Engineering Services (2026), Enterprise Quality Engineering Services (2025), and Digital Engineering Services for BFSI and Life Sciences. Learn more at altimetrik.com.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/altimetrik-accelerates-enterprise-ai-transformation-with-google-clouds-gemini-for-healthcare-302935320.html

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20th Global Entrepreneurship Week China 2026 Kicks off in Shanghai

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November 11, 2026

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SHANGHAI, Nov. 11, 2026 /PRNewswire/ — On November 10, 20th Global Entrepreneurship Week China 2026 (hereinafter referred to as “Entrepreneurship Week”) kicked off in Shanghai.

Running from November 10 to 14, 2026 for five days, this edition features more than 50 entrepreneurship events, bringing together over 100 distinguished global guests, representatives from nearly 500 cutting-edge tech enterprises and professional investment institutions, and more than 1,500 entrepreneurs.

By focusing on “Learning”, “Showcase”, “Matchmaking” and “Empowerment”, Global Entrepreneurship Week China builds an all-round entrepreneurship support ecosystem and creates an international platform for in-depth exchanges among entrepreneurs.

This year’s event further elevates its international profile. Jonathan Ortmans, Founder and President, Global Entrepreneurship Network, led a delegation of more than 20 international guests, including outstanding entrepreneur representatives and seasoned entrepreneurship mentors from the Republic of Korea, the United States, Chile, Germany, Egypt, New Zealand and other countries, to Global Entrepreneurship Week China, enabling Chinese and foreign entrepreneurs to share valuable experience from diverse entrepreneurial ecosystems with zero distance.

Taking the 20th anniversary as an opportunity, this year’s Entrepreneurship Week further highlights its role in disseminating innovative ideas. It features five themed days tailored to Shanghai’s industrial tracks, catering to the growth needs of entrepreneurs across the full lifecycle. Future Intelligence Day focuses on cutting-edge areas including intelligent computing, general AI, quantum technology and humanoid robots; Future Manufacturing & Materials Day focuses on sectors such as humanoid robots, precision intelligent equipment and flexible manufacturing; Future Energy Day focuses on controllable nuclear fusion, advanced nuclear energy, long-duration energy storage, hydrogen energy, solid-state batteries and other fields; Future Health Day covers tracks of brain-computer interface, cell and gene therapy, biomanufacturing and regenerative medicine; Angel Fund & Future Space Day centers on campus entrepreneurship, early-stage startup pitching, entrepreneurship research, commercial aerospace, low-altitude economy, future mobility and other themes.

More than 50 entrepreneurship activities including startup project pitching, achievement exhibitions, sci-tech innovation community exchanges, and cultural and sports interactions will be held successively on Fuxing Island. These activities build a platform for global entrepreneurs to connect technologies, capital and industrial resources, and the event will run through November 14.

View original content:https://www.prnewswire.com/news-releases/20th-global-entrepreneurship-week-china-2026-kicks-off-in-shanghai-302936055.html

SOURCE Global Entrepreneurship Week China

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Dragonpass Acquires iCoupon the Leading Global Voucher Redemption Network to Build International Loyalty-as-a-Service Platform

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November 11, 2026

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Strategic Acquisition Combines Dragonpass’ Loyalty Infrastructure, Powering 35 of the World’s 50 Largest Banks, With iCoupon’s Vouchering Technology Supporting Over One Billion Passengers

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — Dragonpass, the global travel and lifestyle benefits platform serving more than 45 million members worldwide, has announced the acquisition of iCoupon, the intelligent digital vouchering technology business whose network spans over 400 airports worldwide. The transaction represents a strategic expansion of Dragonpass’ technology and distribution capabilities, combining established financial services relationships with extensive airline and retail integrations to accelerate its development of a global loyalty-as-a-service platform.

The acquisition follows almost a decade of commercial collaboration between the two businesses, initially focused on delivering digital dining benefits across airports. While Dragonpass has developed its global presence through partnerships with financial institutions, including some of the world’s largest banks and payment networks, iCoupon has built complementary infrastructure connecting 200 airlines, over 400 airports and 4,000 retail units across 56 countries. The combination creates immediate opportunities to expand dining and retail offerings, alongside access to previously untapped solutions and customer segments across both networks.

In the near term, Dragonpass will focus on extending its dining and retail propositions through iCoupon’s established network, while introducing additional Dragonpass services to iCoupon’s airline and airport partners. Longer term, the business will explore how transferable integrations can support a wider lifestyle offering beyond aviation, creating opportunities to deliver relevant benefits across more frequent customer interactions. iCoupon’s existing team will remain in place, with its open-network model continuing to operate, ensuring continuity for existing partners while supporting new opportunities across the combined business.

Dragonpass acquires iCoupon following nearly a decade of collaboration, expanding its financial services, aviation and retail capabilities.iCoupon’s network spans over 200 airlines, 400+ airports and over 4,000 retail units across 56 countries, with support already available to over one billion passengers.iCoupon issued over £100 million in digital vouchers in 2025, demonstrating the scale of its existing distribution and redemption infrastructure.Dragonpass research finds 50% of Britons consider loyalty schemes outdated, while 76% value affordable everyday treats.The deal strengthens dining and retail offerings in the near term, supporting Dragonpass’ wider ambition to build a global loyalty-as-a-service platform

Jane Zhu, CEO & Co-founder at Dragonpass, shares:

“The acquisition of iCoupon represents a significant step in our strategy to build a global loyalty-as-a-service platform. Having worked together for almost a decade, we recognise the strength of its technology and network, and the immediate opportunity to expand our dining and retail offering while exploring applications across new lifestyle markets.

“The future of loyalty lies in connecting customer intelligence with relevant benefits at scale. By bringing together complementary distribution networks and investing in more intelligent engagement technology, we’re building the infrastructure to help our partners deliver greater value to customers, precisely when they need it.”

iCoupon’s technology enables airlines and other partners to distribute vouchers, discounts and customer entitlements through existing identifiers, including boarding passes, barcodes and QR codes. Integrated directly into participating retailers’ point-of-sale systems, its platform supports real-time redemption, transaction tracking and automated reconciliation. Having issued over £100 million in digital vouchers during 2025, including 12 million food and beverage entitlements, iCoupon has expanded into 13 technology modules spanning passenger care, retail and other travel services, providing Dragonpass with additional capabilities and new commercial opportunities.

Richard Bye, CEO and Co-founder at iCoupon, shares:

“For too long, loyalty has been constrained by fragmented ecosystems, disconnected rewards and experiences that often fail to reflect what customers genuinely value. This acquisition is about helping accelerate a shift away from traditional points-based programmes towards real-time, contextual engagement that delivers meaningful benefits exactly when and where they matter most. By combining Dragonpass’ global distribution and customer intelligence capabilities with iCoupon’s powerful airline connected redemption infrastructure, we are creating the foundations for a new generation of loyalty; one that is intelligent, frictionless and seamlessly embedded into the everyday lives of consumers around the world.”

Dragonpass’ nationally representative Comfort Index finds 50% of Brits consider loyalty schemes outdated, revealing the mounting pressure on traditional loyal models to demonstrate value while 48% of Brits are more likely to switch long-term providers due to rising costs, poor support or irrelevant rewards. Meanwhile, 69% say brands that reduce everyday friction are more likely to earn their loyalty. Demand for practical benefits is also growing, with 76% valuing affordable everyday treats, despite 56% worrying about the cost of dining, drinks and experiences.

This expansion forms part of Dragonpass’ broader investment in data orchestration and customer engagement technology. By connecting a wider global benefits supply chain with more intelligent distribution and personalisation capabilities, the company aims to address a longstanding challenge for enterprise loyalty programmes: sourcing relevant benefits across markets and delivering them through a seamless customer experience. Its longer-term strategy is to enable financial institutions, airlines and other partners to move beyond static rewards catalogues, offering benefits aligned with individual customer needs, while strengthening engagement and commercial value across its network.

About Dragonpass

Established in 2005, Dragonpass is a leading global travel and lifestyle platform, providing premium benefits and experiences to more than 45 million members worldwide. Its growing ecosystem spans travel, health and wellness, lifestyle and entertainment, with a global network covering more than 140 countries and regions and partnerships with more than 800 enterprises.

About iCoupon

iCoupon is a market-leading intelligent vouchering company with a global presence, specialising in the provision of digital vouchering services within the aviation industry and beyond. Collaborating with an extensive network of more than 200 airlines, spanning over 400 airports and in excess of 4,000 retail establishments, the company’s aim is to share value and place it where it counts. iCoupon leverages its unique technology to facilitate the seamless distribution of intelligent vouchers by airlines, airports, ground handlers and retailers directly to passenger boarding passes, enhancing the value-sharing experience.

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SOURCE Dragonpass

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