Latest revenue
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Latest net income
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Net margin
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ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Blank Checks (432 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Community sentiment
Where do you think AACI is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
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- P/E (trailing)
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- Forward P/E
- —
- P/B
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- Dividend yield
- 0.0%
- 52-wk high
- $10.91
- 52-wk low
- $9.74
- Beta
- —
- Shares out
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5-year trend
What this company does
Armada Acquisition Corp. III is a Cayman Islands blank-check company with no operations, formed to merge with or acquire a target business, focusing on FinTech, SaaS, or AI. It generates only non-operating interest income on the $249 million held in trust from its IPO proceeds, and will not produce real revenue until a deal closes. The company completed its $248.5 million IPO in February 2026 and is now searching for an acquisition target, with roughly $9.9 million in deferred underwriting fees contingent on closing a combination.
Generated from AACI's filing dated 2026-03-20
Key risks
- No target identified: SPAC must complete a FinTech/SaaS/AI business combination or return $249.3M trust ($10.03/share) to redeeming shareholders.
- Heavy dilution/cost overhang: $9.94M deferred underwriting fee plus founder shares create misaligned sponsor incentives versus public holders.
- Shareholders' deficit of $9.15M and only $903K operating cash; reliant on sponsor loans if deal search extends.
Generated from AACI's filing dated 2026-03-20
Leverage
Debt / equity
-12.88×
Debt / assets
108.4%
Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | — | — | $423.4K | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Blank Checks · SIC 6770
Your notes
Keep private notes on AACI — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AACI
Institutional value
$857.9K
Total shares held
77.4K
Distinct holders
1
+0 vs prior
As of
2024-03-31
Prior: 2023-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | CLEAR STREET LLC | 77.4K | $857.9K | -33.2K (-30.0%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $249.3M in trust at $10.03/share and a $9.94M deferred underwriting fee, what specific FinTech/SaaS/AI targets are in active diligence?
- 2
Given the $9.15M shareholders' deficit and 24-month deadline, what's your contingency if no deal closes and redemptions wipe out the trust?
- 3
How do you justify the $3.5M sponsor capital contribution allocated to non-managing members against an identical $3.5M cost—who economically benefits from this circular entry?
Refreshed when AACI files a new report · last from 2026-03-20
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