StocksMedium•2 October 2026•
1 min read
Armada Acquisition and Stablecoin Development Shares Surge Amid Merger and Financing Activity
Key Facts
1Armada Acquisition Corp. II shareholders approved the merger with Evernorth, with the deal expected to close on October 7.
2Stablecoin Development Corp. shares surged 104.4% to $7.48 on 137.6 million shares traded without a clear identified catalyst.
3Cable One is in advanced discussions with GTCR and other parties regarding financing transactions.
Armada Acquisition Corp. II shareholders approved the merger with Evernorth, with the deal expected to close on October 7, 2026. Financial Modeling Prep reported that the transaction and related private placements have raised more than $1 billion, with trading under the new entity expected to begin on October 8.
US-listed stocks saw significant volatility on October 2, 2026, as Stablecoin Development Corp. shares surged 104.4% to $7.48 on 137.6 million shares traded. Additionally, Cable One confirmed it is in advanced discussions with GTCR regarding financing transactions; CABO closed at $10.36 on October 1, 2026, while XRPN closed at $23.43 on the same date.