Armada Acquisition Corp. III Announces Pricing of \$225 Million Initial Public Offering

Key Points from the Report

• Armada Acquisition Corp. III (AAC) has priced its initial public offering (IPO) at \$225,000,000, offering 22,500,000 units at \$10.00 per unit.
• The units will begin trading on the Nasdaq Global Market under the ticker symbol AACIU starting February 18, 2026.
• Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at \$11.50 per share, subject to adjustment. Only whole warrants are exercisable and tradeable.
• Upon separation, shares and warrants are expected to be listed on Nasdaq under the symbols AACI (shares) and AACIW (warrants).
• Cohen & Company Capital Markets is acting as lead book-runner, with Northland Capital Markets as joint book-runner.
• The company has granted underwriters a 45-day option to purchase up to 3,375,000 additional units at the IPO price to cover over-allotments.
• The offering is expected to close on February 19, 2026, subject to customary closing conditions.
• A registration statement has been filed and declared effective by the SEC on February 17, 2026.

Strategic Focus and Leadership

• Armada Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses.
• The company intends to focus its acquisition efforts on businesses in the financial services (FinTech), Software-as-a-Service (SaaS), and generative artificial intelligence (AI) industries, reflecting strong growth potential and strategic alignment.
• The leadership team includes:
  • Stephen P. Herbert – Chairman, CEO, and Director
  • Douglas M. Lurio – President, CFO, and Director
  • Mohammad A. Khan – Director
  • Thomas (Tad) A. Decker – Director
  • Celso L. White – Director

Important Shareholder Information

• The IPO pricing and terms, including the warrant structure, are critical for investors seeking exposure to SPACs focused on high-growth sectors. The ability to purchase additional units by underwriters could impact overall share float and supply.
• The focus on FinTech, SaaS, and generative AI industries positions AACI in sectors that are expected to experience significant growth and investor interest, which could be price sensitive and affect share values upon announcement of a target acquisition.
• Forward-looking statements are included in the press release. The company warns that no assurance can be given that the offering will be completed on the terms described, or at all, and that the net proceeds will be used as indicated.
• Investors should note the risks detailed in the company’s registration statement and prospectus, available on the SEC website. These risks may impact the share price and future business combinations.
• The offering is made only by means of a prospectus, and copies can be obtained upon request from Cohen & Company Capital Markets or Northland Securities.

Potential Share Price Movers

• IPO Launch and Trading Start: The commencement of trading on Nasdaq and the finalization of the IPO are price-sensitive events that could move AACIU, AACI, and AACIW shares.
• Industry Focus: Targeting rapidly expanding industries (FinTech, SaaS, AI) increases the likelihood of a high-profile business combination, which could significantly impact share value.
• Warrant Structure: The exercise price and structure of warrants provide investors with leveraged exposure to potential upside following a successful merger or acquisition.
• Over-Allotment Option: The possibility of additional units being issued could affect share supply, investor dilution, and price dynamics.
• Leadership Experience: An experienced leadership team with a track record in acquisitions can influence investor confidence and share price performance.

Contact Information

Investor Contact: Mike Bishop, Bishop IR, LLC ([email protected])

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Investors should conduct their own research and review the company’s filings and prospectus, especially the risk factors listed with the SEC. The issuer undertakes no obligation to update forward-looking statements except as required by law.

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