Armada Acquisition Corp. II
Completed 2026-10-09- CIK 2044009
- AACI
- IPO 2025-05-21
- $241M trust
- 82 filings
Successfully merged with Pathfinder Digital Assets LLC (Evernorth)
- IPO Size
- $230M
- raised at the IPO
- Trust
- $241M
- as of 2026-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2025
- year it listed
Filings, by quarter
82 filings over 9 quarters; violet bars carry a milestone
- 24 Q4: 1 filing
- 25 Q1: 6 filings
- 25 Q2: 21 filings
- 25 Q3: 19 filings
- 25 Q4: 12 filings
- 26 Q1: 4 filings
- 26 Q2: 3 filings
- 26 Q3: 8 filings
- 26 Q4: 8 filings
- S-1 filed 24 Q4
- IPO 25 Q2
- Definitive agreement 25 Q4
- Completed 26 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Armada Acquisition Corp. II is a blank-check company formed to complete an initial business combination. It expects to focus on target businesses in FinTech, SaaS and AI, while remaining open to opportunities across sectors and geographies.
Investment Focus
FinTech, Software, Artificial Intelligence
Key Information
As the filings state it
- IPO Date
- 2025-05-21
- PIPE
- $372M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2026-10-09
- Merger Target
- Pathfinder Digital Assets LLC (Evernorth)
- SPAC Ticker
- AACI
Stock Performance
AACIUTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2026-02-18 | $9.97 | |
| Current Price | 2026-10-09 | $10.32 | +4% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The management team has SPAC, operating, financial, legal and technology experience. It previously completed Armada Acquisition Corp. I’s business combination with Rezolve AI Limited; its leaders have experience operating and advising FinTech, technology, consumer and industrial businesses.