
Inside the Pathfinder Digital Assets SPAC Deal: XRP Treasury Terms
Pathfinder Digital Assets is going public through a merger with Armada Acquisition Corp. II, which currently trades as XRPN. The deal is built around a public XRP treasury vehicle, with over $1 billion in gross proceeds expected if it closes. Bulls will focus on XRP accumulation and active yield strategies; bears will focus on dilution, redemptions, and a business model that still has no operating revenue base.

