Armada Acquisition Corp. II shareholders have approved the business combination with Evernorth. Thank you to every shareholder who voted, and to the XRP community that has followed every step. Expected next: Oct 7: Closing Oct 8: Nasdaq trading under XRPN At closing, Evernorth expects to hold approximately 473 million XRP, making it the largest publicly traded pure-play XRP treasury company. Completion remains subject to customary closing conditions, and trading is subject to Nasdaq listing approval. Full release: This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:

Recent acquisition via Amazon. I had no idea Vicco started making soaps! Seems they started only early this year and their web page still has Lorem Ipsum 🤭 That 'camphor' variant seems very promising 🤞 The packing is really good, the kind I usually associate with ITC/Fiama range.

FUTURECORE ACQUISITION FILES FOR $75M SPAC IPO FutureCore Acquisition Corp. has filed to raise $75M through an IPO of 7.5M units priced at $10 each. Each unit will include one ordinary share, a right to receive one-quarter of a share upon completion of a business combination, and one warrant exercisable at $11.50 per share. The SPAC plans to list its units on Nasdaq under $FTCRU, with the shares, rights and warrants expected to trade separately later under $FTCR, $FTCRR and $FTCRW. FutureCore has not identified a specific acquisition target and says its search will not be limited to any particular industry or geography. It will have 15 months after the IPO closes to complete a business combination. The underwriter also has an option to purchase up to an additional 1.125M units, which could increase the offering to $86.25M. Polaris Advisory Partners is serving as sole book-running manager. Source: SEC filing

Big acquisitions are driven by paranoia, but “just because you are paranoid doesn’t mean they’re not out to get you.” When the frontier models are claiming TAMs the size of US GDP, every other tech company has no choice but to respond. The recent spate of big acquisitions (Hugging Face, Cursor, and OpenRouter) is about extracting value away from the frontier models, either by enabling the open weight ecosystem (Hugging Face and OpenRouter) or by taking the largest frontier model market: coding (Cursor) and building a viable competitor to Claude. They won’t be the last.