Armada Acquisition Corp. II sponsor sells securities to Arrington XRP Capital for $6.6M

Armada Acquisition Corp. II

Sponsor Armada Sponsor II LLC sells 7.88M Class B shares, 400K Class A shares, and 200K private warrants to Arrington XRP Capital Fund, LP for $6.6M.
Closing expected by September 15, 2025; Arrington XRP Capital will become the new sponsor of the SPAC.
Existing directors and officers resign; new directors and officers appointed by the acquiror at closing.
Post-closing, Stephen P. Herbert and Douglas M. Lurio to serve as advisors to the new CEO.
SPAC must complete a business combination by November 22, 2026, subject to extension provisions.

item 1.01item 9.01

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