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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Armada Acquisition Corp. II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-179096), on August 12, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.