
Inside the Pathfinder Digital Assets SPAC Deal: XRP Treasury Bet
Pathfinder Digital Assets is going public through a merger with Armada Acquisition Corp. II, the SPAC currently trading as XRPN. The combined company is being built as a public XRP digital asset treasury, with the post-merger ticker expected to be XRPM if the deal closes on schedule. The bull case is direct XRP exposure with institutional backing; the bear case is dilution, redemptions, and a business model tied to token prices.
