Armada Acquisition Corp. I (AACI)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.24 k	13.24 k	13.24 k	13.24 k	13.24 k	13.24 k
Cash burn (monthly)	31.49 k	2.27 k	461.56 k	260.80 k	86.25 k	92.14 k
Cash used (since last report)	258.44 k	18.62 k	3.79 mm	2.14 mm	707.79 k	756.10 k
Cash remaining	-245.19 k	-5.37 k	-3.77 mm	-2.13 mm	-694.55 k	-742.86 k
Runway (months of cash)	-7.8	-2.4	-8.2	-8.2	-8.1	-8.1

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Financial data from company earnings reports.

Institutional ownership, Q1 2024

AACI institutional ownership history Ownership history

76.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	1	+100.0%
Opened positions	1	0	NEW
Closed positions	0	34	EXIT
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	1.31 bn	0.00	NEW
Total shares	5.46 mm	5.34 mm	+2.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Armada Sponsor	5.34 mm	$0.00	0.0%
Cowen And	117.88 k	$1.31 bn	NEW
Proequities	0.00	$0.00

Largest transactions	Shares	Bought/sold	Change
Cowen And	117.88 k	+117.88 k	NEW
Proequities	0.00	0.00
Armada Sponsor	5.34 mm	0.00	0.0%
Magnetar Financial	0.00	0.00

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AACI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
15 Aug 24	Thomas A Decker	Common Stock	Sale back to company	Dispose D	No	No	125,000	0
15 Aug 24	Stephen P Herbert	Common Stock	Sale back to company	Dispose D	No	No	298,436	0
15 Aug 24	Mohammad A Khan	Common Stock	Sale back to company	Dispose D	No	No	125,000	0
15 Aug 24	White Celso L.	Common Stock	Sale back to company	Dispose D	No	No	125,000	0
13 Aug 24	Thomas A Decker	Common Stock	Other	Acquire J	No	No	90,000	125,000
13 Aug 24	Stephen P Herbert	Common Stock	Other	Acquire J	No	No	248,436	298,436
13 Aug 24	Armada Sponsor	Common Stock	Other	Dispose J	No	No	5,342,000	0
13 Aug 24	Mohammad A Khan	Common Stock	Other	Acquire J	No	No	90,000	125,000
13 Aug 24	White Celso L.	Common Stock	Other	Acquire J	No	No	90,000	125,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.