Armada Acquisition Corp. II completes sponsor change; Arrington XRP Capital acquires sponsor securities for $6.6M

Armada Acquisition Corp. II

Arrington XRP Capital Fund purchased 7.88M Class B shares, 400K Class A shares, and 200K private placement warrants for $6.6M.
All prior directors and officers resigned; new board appointed with J. Michael Arrington as Chairman and Taryn Naidu as CEO.
Kyle Horton appointed CFO; former CEO Herbert and former President Lurio to serve as strategic advisors.
Change of control: Arrington now owns 100% of Class B shares and controls the Board; Company remains a shell.
Press release notes transaction positions Armada for next phase; Cohen & Company Capital Markets advised.

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