ARMADA ACQUISITION CORP III SEC Filings

Armada Acquisition Corp. III reports a Schedule 13G showing Aristeia Capital, L.L.C. beneficially owns 1,656,632 units, representing 6.49% of the class. The filing states this percentage was calculated using 25,522,000 shares outstanding as of May 4, 2026.

The filing lists sole voting and dispositive power over 1,656,632 shares held within the units and is signed by Andrew B. David as Chief Operating Officer of Aristeia Capital, L.L.C.

Armada Acquisition Corp. III reports that the Reporting Persons collectively beneficially own 8,652,834 Class A ordinary shares, representing 25.4% of the Class A ordinary shares on the basis described in the filing. The position consists principally of 8,252,834 Class A shares issuable on conversion of Class B shares plus 400,000 Class A shares included in private placement units.

The filing states the 25.4% calculation uses a denominator that includes 24,850,000 Class A ordinary shares reported as issued and outstanding in the Annual Report, the 8,252,834 convertible shares and 672,000 Class A ordinary shares included in private placement units. The filing excludes 200,000 Class A shares issuable upon exercise of private placement warrants.

Armada Acquisition Corp. III reports that the Reporting Persons collectively beneficially own 8,652,834 Class A ordinary shares, representing 25.4% of the Class A ordinary shares on the basis described in the filing. The position consists principally of 8,252,834 Class A shares issuable on conversion of Class B shares plus 400,000 Class A shares included in private placement units.

The filing states the 25.4% calculation uses a denominator that includes 24,850,000 Class A ordinary shares reported as issued and outstanding in the Annual Report, the 8,252,834 convertible shares and 672,000 Class A ordinary shares included in private placement units. The filing excludes 200,000 Class A shares issuable upon exercise of private placement warrants.

Armada Acquisition Corp. III reported a 13G filing showing Adage-related parties beneficially own 2,025,000 shares of Class A ordinary shares. The filing states this equals 7.93% of the class, calculated using 25,522,000 Class A Ordinary Shares outstanding as of March 20, 2026. The statement is filed by Adage Capital Management, L.P., Robert Atchinson and Phillip Gross as reporting persons and describes shared voting and shared dispositive power over the reported shares.

Armada Acquisition Corp. III reported a 13G filing showing Adage-related parties beneficially own 2,025,000 shares of Class A ordinary shares. The filing states this equals 7.93% of the class, calculated using 25,522,000 Class A Ordinary Shares outstanding as of March 20, 2026. The statement is filed by Adage Capital Management, L.P., Robert Atchinson and Phillip Gross as reporting persons and describes shared voting and shared dispositive power over the reported shares.

Armada Acquisition Corp. III reported its first quarter as a public SPAC for the period ended March 31, 2026. The company generated net income of $423,410, driven mainly by interest income of $796,894 on cash and U.S. Treasury securities held in its Trust Account.

General and administrative costs were $290,949 and share-based compensation was $82,535. As of March 31, 2026, Armada held $249,296,894 in its Trust Account and $903,352 in cash outside the Trust Account, with working capital of $703,605, to fund the search for a Business Combination within its 18‑month completion window.

Armada Acquisition Corp. III reported its first quarter as a public SPAC for the period ended March 31, 2026. The company generated net income of $423,410, driven mainly by interest income of $796,894 on cash and U.S. Treasury securities held in its Trust Account.

General and administrative costs were $290,949 and share-based compensation was $82,535. As of March 31, 2026, Armada held $249,296,894 in its Trust Account and $903,352 in cash outside the Trust Account, with working capital of $703,605, to fund the search for a Business Combination within its 18‑month completion window.

Armada Acquisition Corp. III is a Cayman Islands-based special purpose acquisition company focused on financial technology, SaaS and AI targets. It completed an Initial Public Offering of 24,850,000 units at $10.00 per unit and a 672,000-unit private placement, placing $248,500,000 into a U.S. trust account invested in Treasuries or money market funds.

The company has no operations or revenue and reported a net loss of $52,950 from inception on September 19, 2025 through December 31, 2025, mainly from general and administrative costs. As of December 31, 2025 it held $4,347 in cash outside the trust and had a working capital deficit of $355,614.

Armada III has 25,522,000 Class A ordinary shares and 8,507,834 Class B ordinary shares outstanding as of March 20, 2026, along with publicly traded warrants and units on Nasdaq. It has up to 18 months from the IPO closing to complete an initial business combination or redeem public shares from the trust. The company qualifies as an emerging growth and smaller reporting company, allowing reduced disclosure and internal control requirements.

Armada Acquisition Corp. III reported that its sponsor, Armada Sponsor III LLC, forfeited 345,083 Class B Ordinary Shares for no consideration after underwriters partially exercised and then waived the remaining over-allotment option tied to the SPAC’s IPO. These Class B shares have no expiration date and are designed to convert into Class A Ordinary Shares on a one-for-one basis at the time of the company’s initial business combination or earlier at the holder’s option. The securities are held directly by the sponsor entity; director and officer Stephen P. Herbert is a managing member and may be deemed to have a pecuniary interest but disclaims beneficial ownership beyond that interest. Following this restructuring-type adjustment, 8,252,834 underlying Class A Ordinary Shares remain associated with the sponsor’s position.

Armada Acquisition Corp. III director and officer Herbert Stephen P filed an initial insider report listing his indirect interests through Armada Sponsor III LLC. The sponsor holds 8,597,917 Class B Ordinary Shares, which automatically convert one-for-one into Class A Ordinary Shares at the time of the company’s initial business combination or earlier at the holder’s option.

The sponsor also holds 400,000 Class A Ordinary Shares included in 400,000 private placement units. These shares are to be transferred to non‑managing investors and the sponsor’s managing members only upon completion of an initial business combination. In addition, the sponsor holds 200,000 Private Placement Warrants, each exercisable for one Class A Ordinary Share for cash or on a cashless basis and expiring five years after the initial business combination or earlier upon redemption or liquidation. The filing notes that Stephen may be deemed to beneficially own the securities held by the sponsor but disclaims beneficial ownership except to the extent of his pecuniary interest.

Armada Acquisition Corp. III, a SPAC, previously completed an initial public offering of 24,850,000 units at $10.00 per unit, generating gross proceeds of $248,500,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one share at $11.50.

The company has announced that, starting March 27, 2026, holders may elect to trade the Class A ordinary shares and warrants separately. Unseparated units will continue to trade on Nasdaq under AACIU, while separated shares and warrants will trade under AACI and AACIW. No fractional warrants will be issued, and holders must instruct their brokers to contact Continental Stock Transfer & Trust Company to separate units.

Armada Acquisition Corp. III director Thomas A. Decker reported beneficial ownership of 85,000 Class B Ordinary Shares. These shares have no expiration date and will automatically convert into Class A Ordinary Shares at the issuer's initial business combination, or earlier at Decker's option, on a one-for-one basis.

All 85,000 Class B shares were granted under a Securities Assignment Agreement dated December 15, 2025. Of this amount, 8,500 Class B shares vested on February 19, 2026, defined as the Closing Date, and the remaining 76,500 shares vest in six equal quarterly installments through the 18‑month anniversary of the Closing Date.

Armada Acquisition Corp. III reported that Armada Sponsor III LLC, an entity associated with director and officer Douglas M. Lurio, forfeited 345,083 Class B Ordinary Shares for no consideration. The forfeiture occurred after the underwriters partially exercised and then waived the remainder of their over-allotment option related to the company’s initial public offering.

The Class B Ordinary Shares have no expiration date and will automatically convert into Class A Ordinary Shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis. After this adjustment, the sponsor remained an indirect holder of a substantial block of Class B shares, with Lurio disclaiming beneficial ownership beyond his pecuniary interest.