secwatch.observer — SEC 8-K summary
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Issuer:     Armada Acquisition Corp. I (—)
CIK:        0001844817
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-236168
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Armada Acquisition Corp. I draws $70,900 to extend business combination deadline to Oct 17, 2023
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- Drew $70,900.47 under Promissory Note with Armada Sponsor LLC to fund first one-month extension.
- Extension moves deadline from Sept 17, 2023 to Oct 17, 2023; four additional monthly extensions possible.
- Note does not bear interest; outstanding principal was $141,800.94 as of Sept 15, 2023.
- Up to $425,402.82 of principal convertible into common stock at $10.00 per share at lender's option.
- If no business combination, Note repaid only from funds outside trust account or forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844817/000119312523236168/0001193125-23-236168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844817/000119312523236168/d364534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236168

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