debt
confidence high
sentiment neutral
materiality 0.30
Armada Acquisition Corp. II enters $135K promissory note with sponsor for working capital
Armada Acquisition Corp. II
- Borrowed $135,000 under unsecured promissory note with Arrington XRP Capital Fund, LP on July 31, 2026.
- Note bears interest at short-term Applicable Federal Rate; matures upon BCA termination or merger consummation.
- Proceeds used for ordinary course administrative expenses of the SPAC.
- Note supports SPAC operations pending business combination with Evernorth Holdings, Pathfinder Digital Assets, and Ripple Labs.