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Armada Acquisition Corp. III Announces Separate Trading of its Class A Ordinary Shares and Warrants, Commencing March 27, 2026
Businesswire· 2026-03-16 20:01
Core Viewpoint - Armada Acquisition Corp. III announced that starting March 27, 2026, holders of its 24,850,000 units from the initial public offering can separately trade Class A ordinary shares and warrants on Nasdaq under the symbols "AACI" and "AACIW" respectively [1] Group 1: Company Overview - Armada Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] - The company intends to focus on target businesses in the financial services (FinTech), Software-as-a-Service (SaaS), or generative artificial intelligence (AI) industries, which are believed to offer strong growth potential and strategic alignment with business goals [6] Group 2: Initial Public Offering Details - The company closed its initial public offering of 24,850,000 units at $10.00 per unit, resulting in gross proceeds of $248.5 million [7] - The units began trading on the Nasdaq Global Market under the ticker symbol "AACIU" on February 18, 2026 [7] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant [10]