Arrington XRP Capital Acquires 26.2% Stake in Armada Acquisition Corp. II and Initiates Management Overhaul

Arrington XRP Capital Fund, LP, along with related entities and individuals, has acquired a 26.2% beneficial ownership stake in Armada Acquisition Corp. II through the purchase of 7,880,000 Class B shares (convertible to Class A shares) and 400,000 Class A shares. The transaction, part of a Sponsor Handover, included management changes with new CEO Taryn Naidu and CFO Kyle Horton replacing previous executives, along with a complete board overhaul. The Reporting Persons joined existing agreements including a Letter Agreement and Registration Rights Agreement, committing to vote in favor of future business combinations and adhering to transfer restrictions. The filing indicates Arrington's intent to actively participate in identifying potential merger targets, which may include entities affiliated with the Reporting Persons. This strategic move positions Arrington to influence the company's direction ahead of its initial business combination.