Quarterly ResultAug 12, 2026, 04:15 PM
Armada Acquisition III Reports Q2 Net Income $2.39M
AI Summary
Armada Acquisition Corp. III, a Special Purpose Acquisition Company (SPAC), reported a net income of $2,390,876 for the six months ended June 30, 2026. This income was primarily driven by $3,072,228 in interest earned on the funds held in its Trust Account. As of June 30, 2026, the company's total assets stood at $252,493,256, with $251,572,228 held in the Trust Account. The company is actively seeking a business combination, focusing on FinTech, SaaS, or AI sectors, and has an 18-month window from its February 2026 Initial Public Offering to complete this.
Key Highlights
- Net income for the six months ended June 30, 2026, was $2,390,876.
- Interest earned on cash and marketable securities in the Trust Account was $3,072,228.
- Total Assets as of June 30, 2026, were $252,493,256.
- Cash and marketable securities held in the Trust Account totaled $251,572,228.
- Total Liabilities as of June 30, 2026, were $10,300,989.
- Net cash provided by financing activities for the six months was $249,667,394.
- The company has 18 months from its February 2026 IPO to complete a business combination.
Price Impact
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