AACI
Armada Acquisition Corp. II10.29
-0.01-0.06%
Nov 25, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
406.15MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Armada Acquisition Corp. II posted a Q1 FY2026 net loss of $603,760 for the quarter ended December 31, 2025, with operating loss of $2.9M from general and administrative costs offset by $2.3M interest on Trust Account investments—nearly matching accretion to redemption value. Trust swelled to $236.9M at $10.30 per redeemable share, up from $234.6M q/q, while cash dipped to $287k amid a $3.8M working capital deficit. Signed October 19, 2025 Business Combination Agreement with Evernorth Holdings and Ripple Labs affiliates, backed by PIPEs including $214M advance cash/600k XRP and Sponsor commitment of 211M XRP; Sponsor to forfeit 120k Class A shares, 2.4M Class B shares pre-close. No debt; liquidity hinges on sponsor loans. Deal failure risks liquidation by November 22, 2026.
10-K
FY2025 blank-check update
Armada Acquisition Corp. II, a blank-check shell, reported no revenue or operations for FY2025 ended September 30, 2025, as it hunts for a business combination target. No quarterly breakdowns or financial results disclosed in the 10-K. No capex, cash flow, debt, or capital allocation activity noted. Q4 showed no momentum shift. Still seeking merger partner. Failure to complete a deal within 24 months risks liquidation.
8-K
Evernorth files confidential S-4
Armada Acquisition Corp. II disclosed Evernorth's confidential S-4 draft submission on November 13, 2025, advancing its October 20 business combination with the XRP-focused treasury firm. Closing eyes Q1 2026, pending shareholder approval and conditions, after raising over $1 billion in gross proceeds for the largest public XRP treasury on Nasdaq. Shareholder votes loom large.
8-K
Evernorth buys 84M XRP
Evernorth bought 84,365,876 XRP at $2.53657058 average using $214M cash from advance subscriptions, pushing total XRP purchased and committed over 473M tokens. Signing XRP price fixed at $2.36609 per prior agreements with Ripple and others. Builds institutional treasury ahead of SPAC merger. XRP price volatility looms large.
8-K
Ticker change to XRPN
Armada Acquisition Corp. II switches Nasdaq tickers from AACI/AACIU/AACIW to XRPN/XRPNU/XRPNW at Thursday's open, signaling its pivot toward Evernorth's XRP treasury via the October 19 business combination deal. The merger, backed by over $1 billion gross proceeds for XRP buys, awaits shareholder nod and eyes Q1 2026 close. Closing hinges on approvals.
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