Sponsor franchise

Armada

Named principals: Douglas M. Lurio, Stephen P. Herbert

Grouping established from the sponsor entity and issuer names.

Vehicles launched

3 still live

Capital raised

$875.5M

aggregate IPO proceeds

Trust under management

$744.3M

in live vehicles

Deals closed

1 liquidated

Completion rate

of 1 resolved

Vehicles

Every SPAC attributed to Armada, newest IPO first.

SPAC	Status	Trust	Per share	IPO	Deadline	Sponsor / target
Armada Acquisition Corp. IIIAACI · Nasdaq	Searching	$251.6M	$10.12	Feb 2026	Aug 18, 2027348d left	Technology · Financial Services
Armada Acquisition Corp. IIXRPN · Nasdaq	Announced	$241.2M	$10.49	May 2025	Nov 22, 202679d left	Technology · Financial Services
Armada Acquisition Corp. I—	Liquidated	$16.1M	$11.31	Aug 2021	—	Technology · Financial Services