Armada Acquisition Corp. II plunges 29% to $17.09, ranks among day’s top losers

Armada Acquisition Corp. II fell 29.38% to $17.09, placing it among the biggest decliners, according to FMP Market Movers. No immediate explanation for the drop was reported by the cited outlets.

• XRPN fell 29.38% to $17.09, per FMP Market Movers.
• MarketBeat says XRPN short interest jumped 400.0% in September.
• 24/7 Wall St. ran a comparison piece: “Evernorth XRPN vs XRP.”
• Stock Titan reported Evernorth’s completed deal raised about $300 million cash.