AACIU Armada Acquisition Corporation I

Separate Trading of Units, Common Stock and Warrants

As previously reported on August 18, 2021, Armada Acquisition Corp. I, a Delaware corporation (the “Company”), consummated its initial public offering of 15,000,000 units (the “Units”). Each Unit consists of one share of common stock of the Company, par value $0.0001 per share (“Common Stock”), and one-half of one redeemable warrant of the Company (“Warrant”), with each whole Warrant entitling the holder thereof to purchase one share of Common Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $150,000,000. Pursuant to the Underwriting Agreement dated August 12, 2021, by and between the Company and Northland Securities, Inc., as representative of the several underwriters, the Company granted the underwriters a 45-day option to purchase up to 2,250,000 additional Units solely to cover over-allotments, if any.

On November 16, 2021, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Units may elect to separately trade shares of the Common Stock and the Warrants comprising the Units commencing on November 16, 2021. Those Units not separated will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “AACIU,” and the shares of Common Stock and Warrants that are separated will trade on the Nasdaq under the symbols “AACI” and “AACIW,” respectively. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of the Units will need to instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate their Units into shares of Common Stock and Warrants.