Meteora Capital discloses 1.99M XRPN shares in Armada Acquisition Corp. II (XRPN)
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A common stock of Armada Acquisition Corp. II. Through funds and managed accounts it advises, Meteora Capital reports beneficial ownership of 1,985,659 shares, representing 8.37% of the outstanding Class A common stock as of the reporting date.
The reporting persons have no sole voting or dispositive power over these shares; all 1,985,659 shares are subject to shared voting and shared dispositive power. The statement specifies that it should not be construed as an admission that any reporting person is the beneficial owner for all purposes.
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Key Figures
Beneficial ownership shares: 1,985,659 shares
Beneficial ownership percentage: 8.37%
Shared voting power: 1,985,659 shares
+2 more
5 metrics
Beneficial ownership shares
1,985,659 shares
Class A common stock beneficially owned by Meteora-managed funds
Beneficial ownership percentage
8.37%
Percentage of Armada Acquisition Corp. II Class A common stock
Shared voting power
1,985,659 shares
Shares over which the reporting persons share voting power
Sole voting power
0 shares
Shares over which the reporting persons have sole voting power
Shared dispositive power
1,985,659 shares
Shares over which the reporting persons share dispositive power
Key Terms
beneficial owner, shared voting power, shared dispositive power, percent of class, +1 more
5 terms
beneficial owner regulatory
"admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
percent of class financial
"Percent of class: 8.37 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Class A Common Stock financial
"Title of class of securities: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What percentage of Armada Acquisition Corp. II (XRPN) does Meteora Capital report owning?
Meteora Capital reports beneficial ownership of 8.37% of Armada Acquisition Corp. II’s Class A common stock, representing 1,985,659 shares held through funds and managed accounts it advises under shared voting and dispositive power.
Who are the reporting persons in this XRPN ownership disclosure?
The reporting persons are Meteora Capital, LLC, as investment manager to certain funds and accounts, and Vik Mittal, its Managing Member, each reporting with respect to the same 1,985,659 Class A common shares.
Where is Meteora Capital, a major XRPN holder, based?
Meteora Capital’s principal business office is at 1200 N Federal Hwy, #200, Boca Raton, FL 33432. The issuer, Armada Acquisition Corp. II, lists principal executive offices at 382 NE 191st Street, Suite 52895, Miami, Florida 33179.
What disclaimer do the XRPN reporting persons make about beneficial ownership?
The reporting persons state that the filing “should not be construed as an admission” that any of them is the beneficial owner of the common stock reported for purposes of Section 13, despite reporting 1,985,659 shares as beneficially owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.