secwatch.observer — SEC 8-K summary
======================================

Issuer:     Armada Acquisition Corp. I (—)
CIK:        0001844817
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001193125-24-038469
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Armada Acquisition Corp. I extends deadline, secures sponsor loan, faces $10.4M redemptions
--------------------------------------------------------------------------------

- Stockholders approved charter amendment extending business combination deadline from Feb 17 to Mar 17, 2024, with up to five monthly extensions to Aug 17, 2024.
- Sponsor issued promissory note up to $297,714.30 to fund trust account; initial $49,619.05 deposited for first extension.
- 945,662 shares redeemed at ~$10.98/share, aggregating ~$10.38M, reducing trust account balance.
- Note can convert into common stock at $10.00/share upon business combination; no interest accrues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844817/000119312524038469/0001193125-24-038469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844817/000119312524038469/d774302d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-038469

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer