Armada Acquisition Corp. II Enters Sponsor Promissory Note for $135,000

What Happened Armada Acquisition Corp. II (XRPN) filed an 8-K (Item 1.01 / 2.03) disclosing that on July 27, 2026 it entered into an unsecured promissory note with its sponsor, Arrington XRP Capital Fund, LP. The company borrowed $135,000 under the note on July 31, 2026 and may borrow additional amounts at the sponsor’s discretion to fund ordinary-course administrative and working capital expenses. The Note is prepayable without penalty.

Key Details

• Promissory Note dated July 27, 2026 issued to Arrington XRP Capital Fund, LP (the sponsor).
• $135,000 borrowed on July 31, 2026; additional advances may be made at sponsor’s discretion.
• Interest rate: short-term Applicable Federal Rate (AFR) under Section 1274(d) of the Internal Revenue Code in effect at issuance.
• Maturity: note becomes due upon the earlier of (a) termination of the Business Combination Agreement (dated Oct 19, 2025) or (b) consummation of the transactions contemplated by that Business Combination Agreement.

Why It Matters This loan provides near-term liquidity for Armada II’s administrative and working capital needs without pledging assets (it is unsecured). Because the lender is the company’s sponsor, this is a related-party funding source that can extend the company’s cash runway but also creates a direct financial obligation that will be due upon either closing or termination of the pending business combination. Investors should note the loan’s size, interest tied to the AFR, and that additional advances are discretionary by the sponsor.