Armada Acquisition Corp. II, a newly established special purpose acquisition company (SPAC), has successfully priced its IPO, offering 20 million units at $10.00 each. These units are now trading under the ticker symbol “AACIU” on the Nasdaq Global Market .
Each unit comprises one Class A ordinary share and one-half of a redeemable warrant. Holders of a full warrant are entitled to purchase an additional Class A ordinary share at a price of $11.50, subject to adjustment. Only whole warrants are exercisable and will trade separately. Upon the commencement of separate trading, the Class A ordinary shares and warrants will be listed under the symbols “AACI” and “AACIW,” respectively.
Strategic Focus on FinTech, SaaS, and AI Sectors
Armada Acquisition Corp. II is strategically positioned to pursue business combinations within the financial technology (FinTech), Software-as-a-Service (SaaS), and generative artificial intelligence (AI) sectors. The company believes these industries offer substantial growth potential and align with its overarching business objectives .
The leadership team is spearheaded by Stephen P. Herbert, serving as Chairman and Chief Executive Officer. He is joined by Douglas M. Lurio (President and Chief Financial Officer), Mohammad A. Khan, Thomas A. Decker, and Celso L. White, all serving as directors .
Underwriting and Offering Details
Cohen & Company Capital Markets, a division of J.V.B. Financial Group LLC, is acting as the lead book-running manager for the offering, with Northland Capital Markets serving as joint book-runner. The company has granted the underwriters a 45-day option to purchase up to an additional 3 million units at the IPO price to cover over-allotments, if any. The offering is anticipated to close on May 22, 2025, subject to customary closing conditions.
Regulatory Compliance and Prospectus Availability
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on May 20, 2025. This announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
