Armada Acquisition Corp. II Announces Sale of Shares and Warrants to Arrington XRP Capital Fund for $6.6 Million
Armada Acquisition Corp. II has announced a Sponsor Securities Purchase Agreement with Armada Sponsor II LLC and Arrington XRP Capital Fund, LP. Under the agreement, Armada Sponsor II LLC will sell to Arrington XRP Capital Fund a total of 7,880,000 Class B ordinary shares, 400,000 Class A ordinary shares, and 200,000 private placement warrants of Armada Acquisition Corp. II for $6,600,000. The transaction is expected to close by September 15, 2025, and upon closing, Arrington XRP Capital Fund will become the company's sponsor. Stephen P. Herbert and Douglas M. Lurio are anticipated to serve as advisors to the new CEO, who will be appointed at the closing. The full text of the agreement is provided as Exhibit 10.1 in the company's filing.
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