Armada Acquisition Corp. I

General Information

We intend to concentrate our efforts identifying businesses in the FinTech industry with an enterprise value of approximately $500 million to $1.0 billion, with particular emphasis on businesses that are providing digital, online or mobile payment solutions, processing and gateway services, point-of-sale technology, consumer engagement platforms and ecommerce or loyalty solutions.

We believe the creation, delivery and servicing of financial payment products and related services for consumers and businesses is undergoing continuous evolution, which will further and dramatically develop in the years ahead. Amid an increased level of sophistication in financial technology and services, we believe that there are many potential targets within the financial technology industry that could become attractive public companies, and that many other potential targets will continue to emerge.

Stephen P. Herbert, our CEO, and Douglas M. Lurio, our president, have worked together in the FinTech space for over 25 years. From 1996 to 2019, the two worked together at USA Technologies, Inc. (which changed its name to Cantaloupe Inc. on April 15, 2021, NASDAQ: CTLP), a publicly traded FinTech company (“USAT”), of which Mr. Herbert served as chairman and CEOr for eight years (and previously as an executive officer) and Mr. Lurio served as outside general counsel for 29 years.

(Note: Armada Acquisition Corp. I priced its SPAC IPO on Aug. 12, 2021, in line with the terms in its prospectus: 15 million units at $10 each to raise $150 million.)

Employees: 0
Founded: 2020
Contact Information
Address 2005 Market Street Suite 3120 Philadelphia, PA 19103
Phone Number (212) 543-6886
Web Address
View Prospectus: Armada Acquisition Corp. I
Financial Information
Market Cap $207.09mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol AACIU
Exchange NASDAQ
Shares (millions): 15.0
Price range $10.00 - $10.00
Est. $ Volume $150.0 mil
Manager / Joint Managers Northland Capital Markets
CO-Managers -
Expected To Trade: 8/13/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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