$AACIW

Armada Acquisition Corp. III

CIK:0002092897|SEC Filings

Condensed Statement of Operations - USD ($)	3 Months Ended	6 Months Ended
Condensed Statement of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2026
General and administrative costs	$ 234,322	$ 525,271
Share-based compensation	73,546	156,081
Loss from operations	(307,868)	(681,352)
Interest earned on cash and marketable securities held in Trust Account	2,275,334	3,072,228
Other income	2,275,334	3,072,228
Net income	$ 1,967,466	$ 2,390,876
Class A & Class B ordinary shares [Member]
Weighted average shares outstanding basic	9,179,834	8,775,644
Weighted average shares outstanding diluted	9,179,834	8,994,199
Basic net income per share	$ 0.06	$ 0.09
Diluted net income per share	$ 0.06	$ 0.09
Class A ordinary shares [Member]
Weighted average shares outstanding basic	24,850,000	17,985,359
Weighted average shares outstanding diluted	24,850,000	17,985,359
Basic net income per share	$ 0.06	$ 0.09
Diluted net income per share	$ 0.06	$ 0.09

Condensed Statement of Cash Flows	6 Months Ended
Condensed Statement of Cash Flows	Jun. 30, 2026 USD ($)
Cash Flows from Operating Activities:
Net Income (Loss)	$ 2,390,876
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on cash and marketable securities held in Trust Account	(3,072,228)
Share-based compensation	156,081
Changes in operating assets and liabilities:
Prepaid expenses	(192,254)
Accrued expenses	220,916
Deferred legal fees	33,042
Net cash used in operating activities	(463,567)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(248,500,000)
Net cash used in investing activities	(248,500,000)
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid	243,530,000
Proceeds from sale of Private Placement Units	6,720,000
Proceeds from promissory note – related party	105,000
Repayment of promissory note – related party	(141,000)
Payment of offering costs	(546,606)
Net cash provided by financing activities	249,667,394
Net Change in Cash	703,827
Cash – Beginning of period	4,347
Cash – End of period	708,174
Non-cash investing and financing activities:
Offering costs included in accrued offering costs	105,460
Deferred offering costs applied through prepayment	20,600
Accretion of Class A ordinary shares to redemption value	22,166,644
Deferred underwriting fee payable	9,940,000
Forfeiture of Founder Shares	34
Offering costs charged to additional paid-in capital	$ 636,740

Condensed Balance Sheets - USD ($)

Jun. 30, 2026

Dec. 31, 2025

Current assets

Cash

$ 708,174

$ 4,347

Prepaid expenses

57,506

Prepaid insurance

103,020

Total current assets

868,700

4,347

Prepaid insurance – long term

52,328

Cash and marketable securities held in Trust Account

251,572,228

Deferred offering costs

327,664

Total Assets

252,493,256

332,011

Current liabilities

Accrued expenses

252,947

32,031

Accrued offering costs

75,000

291,930

Promissory note– related party

36,000

Total current liabilities

327,947

359,961

Deferred Legal Fees

33,042

Deferred underwriting fee

9,940,000

Total Liabilities

10,300,989

359,961

Commitments and Contingencies (Note 5)

Class A ordinary shares subject to possible redemption, $0.0001 par value; 24,850,000 and no shares at redemption value of $10.12 and $0 per share as of June 30, 2026 and December 31, 2025, respectively

251,572,228

Shareholders' Deficit

Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025

Additional paid-in capital

24,115

Accumulated deficit

(9,380,879)

(52,950)

Total Shareholders' Deficit

(9,379,961)

(27,950)

^[1]

Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit

252,493,256

332,011

Common Class A [Member]

Current liabilities

251,572,228

Shareholders' Deficit

Ordinary shares, value

Common Class B [Member]

Shareholders' Deficit

Ordinary shares, value

^[2]

$ 851

$ 885

[1]

Included an aggregate of up to 1,136,250 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 4). On February 19, 2026, the Underwriters partially exercised its over-allotment option and forfeited the unexercised balance. As a result of the partial exercise and the forfeiture of the over-allotment option by the Underwriters, 791,167 of such founder shares are no longer subject to forfeiture and 345,083 of such founder shares were forfeited.

[2]

At December 31, 2025, included an aggregate of up to 1,136,250 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 4). On February 19, 2026, the Underwriters partially exercised its over-allotment option and forfeited the unexercised balance. As a result of the partial exercise and the forfeiture of the over-allotment option by the Underwriters, 791,167 of such founder shares are no longer subject to forfeiture and 345,083 of such founder shares were forfeited.