Armada Acquisition Corp. I shareholders approve charter extension to Sep 2023; ~$12.1M redeemed

On August 2, 2023, Armada held the Extension Meeting to approve an amendment to Armada’s amended and restated certificate of incorporation (the “ Charter Amendment ”) to extend the date (the “ Termination Date ”) by which Armada has to consummate a business combination from August 17, 2023 (the “ Original Termination Date ”) to September 17, 2023 (the “ Charter Extension Date ”) and to allow Armada, without another stockholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis up to five times by an additional one month each time after the Charter Extension Date, by resolution of Armada’s board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until February 17, 2024, or a total of up to six months after the Original Termination Date, unless the closing of a business combination shall have occurred prior thereto (the “ Extension Amendment Proposal ”).