Armada Acquisition Corp. II is filing the Evernorth combination under Evernorth Holdings Inc. (CIK 0002092592), not the SPAC CIK. That is why the S-4 was easy to miss.
The first S-4 landed March 18. Seven S-4/As followed, last on August 26. The DEFM14A printed August 27. That is the proxy card. The vote is being assembled. It is not a 425. It is not a new deal.
Pulse on a live proxy with a long /A tape belongs in the high 70s–80s, not the listed-shell zone. Path-to-close jumps when the card is in. Watch the meeting date on that proxy. Do not wait for another S-4/A to tell you they are close.
Pulse Impact
- Previous Pulse: 72
- New Pulse: 86
- Change: +14
- Driver: DEFM14A is the vote print. Amendment cadence already proved they were clearing comments.
DEFM14A dated August 27, 2026. S-4 series on the Evernorth CIK. Not investment advice.