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Armada Acquisition Corp. III Announces Pricing of $225,000,000 Initial Public Offering
PHILADELPHIA--(BUSINESS WIRE)-- Armada Acquisition Corp. III (the “Company” or “AACI”) announced today that it priced its initial public offering of
About this update from Armada Acquisition Corp. Iii
[{"type":"text","content":" PHILADELPHIA--(BUSINESS WIRE)--\nArmada Acquisition Corp. III (the “Company” or “AACI”) announced today that it priced its initial public offering of 22,500,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol \"AACIU\" beginning on February 18, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “AACI” and “AACIW,” respectively.\n\n\nAACI is led by Stephen P. Herbert, Chairman, Chief Executive Officer and Director, Douglas M. Lurio, President, Chief Financial Officer and Director, Mohammad A. Khan, Director, Thomas (Tad) A. Decker, Director, and Celso L. White, Director.\n\n\nCohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as lead book-runner, and Northland Capital Markets is acting as joint book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on February 19, 2026, subject to customary closing conditions.\n\n\nThe offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected] or Northland Securities, Inc., 150 South 5th Street, Suite 3300, Minneapolis, MN 55402.\n\n\nA registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the \"SEC\") and was declared effective on February 17, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification ...