Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | AACI | Common Stock | 6.01M | Aug 12, 2021 | See footnote | F1, F2 | |||||
holding | AACI | Common Stock | 50K | Aug 12, 2021 | Direct | F3 |
Id | Content |
---|---|
F1 | These shares represent the common stock held by Armada Sponsor LLC (the "Sponsor"), acquired pursuant to the subscription agreements by and between the Sponsor and the registrant. The common stock owned by the Sponsor includes up to 1,125,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise in full their over-allotment option as described in the registrant's registration statement. |
F2 | As a managing member of the Sponsor, the reporting person may be deemed to share beneficial ownership of the shares of common stock held directly by the Sponsor, and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
F3 | These shares represent common stock transferred from the Sponsor to the reporting person on June 17, 2021, in consideration for services to be rendered as an officer of the issuer. |