ARMADA ACQUISITION CORP II Stock Price, News & Analysis

Armada Acquisition Corp. II (AACIU) has successfully completed its initial public offering (IPO) of 23 million units at $10.00 per unit, raising gross proceeds of $230 million. Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share.

The SPAC, led by the same team behind Armada Acquisition Corp. I, aims to merge with businesses in FinTech, SaaS, or generative AI industries. The units began trading on Nasdaq under "AACIU" on May 21, 2025, with the Class A shares and warrants to later trade separately under "AACI" and "AACIW" respectively. Cohen & Company Capital Markets and Northland Capital Markets served as book-runners for the offering.

Armada Acquisition Corp. II (AACIU) has announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit, totaling $200 million. Each unit includes one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share.

The SPAC will focus on targeting businesses in FinTech, SaaS, or generative AI industries. The company is led by CEO Stephen P. Herbert and has granted underwriters a 45-day option to purchase up to 3,000,000 additional units. Trading is expected to begin on Nasdaq under "AACIU" on May 21, 2025, with the offering closing on May 22, 2025.

Armada Acquisition Corp. I (Nasdaq: AACI) has closed its business combination with Rezolve AI , a leading provider of AI-driven engagement platforms for retail and commerce. The combined company will operate as Rezolve AI , with its common shares and warrants set to begin trading on the Nasdaq on August 16, 2024, under the ticker symbols RZLV and RZLVW, respectively.

Rezolve plans to expand its position as a global provider of a SAAS-based, generative AI-powered sales engine designed to help retailers improve search, advice, and revenue generation. The company's management team, led by Chairman and CEO Daniel Wagner, will continue to lead the public company following the business combination.

Armada Acquisition Corp. I (NASDAQ: AACI) has received Board approval for a 3-month extension to finalize its business combination with Rezolve Limited, now due by February 17, 2023. An additional $1.5 million has been deposited into Armada’s Trust Account as part of this extension. The amendment to their agreement allows Rezolve to be the listed entity post-combination and adjusts certain equity provisions. Rezolve has made significant strides in 2022, including new partnerships and product launches, enhancing its market presence substantially.

Rezolve Limited updated its 2022 outlook, predicting a significant reduction in Adjusted EBITDA loss, now estimated at $34 million, down from $172 million, while maintaining a revenue target of $219 million, reflecting over 190% growth year-over-year. The company aims to onboard over 300,000 merchants by year-end. Rezolve credits a capital-efficient merchant acquisition strategy for this improvement and expects to achieve profitability by Q3 2023, earlier than previously projected. The outlook is based on existing funding commitments from its merger with Armada Acquisition Corp. I.

Rezolve has appointed Sunder Madakshira as the new CEO for its Indian operations, effective February 16, 2022. Madakshira has over 26 years of experience in sales and marketing, previously serving as head of marketing at Adobe. He is recognized for his expertise in Data Driven Operating Models and has held senior roles in firms like SAP and Wipro. Rezolve aims to enhance its growth in India, leveraging Madakshira's extensive network and marketing acumen. The company is positioned to capitalize on India's high mobile penetration and intends to transform mobile commerce.

Rezolve has expanded its board by adding Dr. Stephen Perry and Dr. Derek Smith, enhancing expertise in payments and e-commerce. This follows a definitive business combination agreement with Armada Acquisition Corp. I (NASDAQ: AACI) announced on December 17, 2021. The merged entity will trade as 'ZONE' on NASDAQ. Both new board members bring extensive experience, with Perry having a significant background at Visa Europe and Smith's prior leadership roles at The Economist. Rezolve aims to improve retail engagement through its innovative mobile platform.

Rezolve has signed a definitive business combination agreement with Armada Acquisition Corp. I (NASDAQ: AACI), aiming to lead mobile commerce transformation globally. The deal is projected to yield $190 million in gross proceeds, including $150 million from trust and $40 million from investors. The pro forma market capitalization of the combined entity is estimated at $2 billion, reflecting a valuation discount relative to peers. Rezolve's technology platform is designed for mobile commerce, with partnerships covering over 20 million merchants and 1 billion consumers globally.