Armada Acquisition Corp. II (AACI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 11, 2025

Risk Assessment Details

Potential Dilution: 87.09% of current shares
Recent Dilution: 246.02% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
24M
Potential Supply
21M
Additional shares possible
Splits
None
Past 2 years

Summary

AACI currently has 23.7M outstanding shares. with significant dilution risk as 20.7M authorized shares could dilute existing holders by 87.1%. The company has significantly diluted shareholders by 246.02% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 11, 2025

10-Q filing | 23.7M shares outstanding

24M 21M
May 15, 2025

S-1/A filing: This is an S-1/A filing related to an Investment Management Trust Agreement for Armada Acquisition Corp. II's initial public offering.

6.9M 21M
Apr 30, 2025

S-1/A filing: Initial public offering of 20,000,000 units at $10.00 each, each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Also includes private placements to the Sponsor and underwriters.

6.9M 21M
Mar 26, 2025

S-1 filing: Initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

28M 21M
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