StocksMediumUpdated•Originally published 7 October 2026•Updated 7 October 2026•
1 min read
Clerical Error Delays $1 Billion XRP Fund on Nasdaq Following Armada Share Plunge
Key Facts
1Armada Acquisition Corp. II shares dropped 50.3% to close at $19.20.
2Evernorth delayed its Nasdaq debut following the sharp decline in the SPAC's share price.
The postponement of the $1 billion XRP fund on Nasdaq is attributed to a clerical error rather than market conditions. This clarification follows a 50.3% drop in Armada Acquisition Corp. II shares to a closing price of $19.20, CryptoSlate reported.
XRPN closed at $19.20 on October 6, 2026, after trading between a high of $23.60 and a low of $17.22 during the session. On the same date, NDAQ closed at $92.27.