Armada Acquisition Corp. I: debt financing — Armada Acquisition Corp. I extends deadline, secures sponsor loan, faces $10.4M redemptions

on February 15, 2024, Armada issued an unsecured promissory note in the principal amount of $297,714.30 (the “ Note ”) to the Sponsor. The Note does not bear interest and matures upon closing of Armada’s initial business combination

On February 15, 2024, 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 February 17, 2024 (the “ Original Termination Date ”) to March 17, 2024 (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 August 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 voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 7,045,870 3,748 92