Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | AACI | Common Stock | 6.01M | Aug 12, 2021 | Direct | F1, F2 |
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 subject to forfeiture by the reporting person 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 issuer's registration statement. |
F2 | Stephen P. Herbert and Douglas M. Lurio are managing members of the reporting person and each of them may be deemed to hold beneficial ownership of the shares of common stock held directly by the Sponsor. Each of Stephen P. Herbert and Douglas M. Lurio disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |