Armada Acquisition Corp. II Shares Hold Near Trust Value Heading Into Memorial Day
Armada Acquisition Corp. II traded near the value of its cash trust heading into the U.S. holiday weekend, as investors awaited an update on its Evernorth XRP treasury plan. XRPN shares finished Friday at $10.37, off just under a cent from the last close. The stock moved between $10.37 and $10.40 on about 42,000 shares, according to the most recent data. XRPN trades on Nasdaq. U.S. equity markets are closed for the weekend, and Nasdaq is also shutting down on Monday, May 25 for Memorial Day.