Armada acquisition corp. ii announces closing of sponsor securities purchase agreement

Philadelphia--(business wire)--armada acquisition corp. ii (nasdaq: aaci) (“armada” or the “company”) today announced that it has completed a sponsor securities purchase transaction under which arrington xrp capital fund, lp (“arrington”) has acquired the securities of armada acquisition corp. ii owned by armada sponsor ii llc, the (now former) sponsor of armada. under the terms of the sponsor securities purchase agreement, arrington purchased 7,880,000 class b ordinary shares, 400,000 class a.
AACI Ratings Summary
AACI Quant Ranking