Armada Acquisition Corp. II has rebranded its Nasdaq ticker to XRPN as part of a strategic move to attract institutional investors with a $1 billion XRP treasury initiative. The special purpose acquisition company (SPAC), supported by Arrington XRP Capital Fund, plans to utilize funds from its merger with Evernorth to acquire XRP on the open market. This effort aims to bolster institutional-grade crypto treasury infrastructure, marking a significant step in integrating XRP into mainstream financial strategies.