Aristeia Capital reports 1.66M‑unit holding in Armada Acquisition III (AACI)

Rhea-AI Filing Summary

Armada Acquisition Corp. III reports a Schedule 13G showing Aristeia Capital, L.L.C. beneficially owns 1,656,632 units, representing 6.49% of the class. The filing states this percentage was calculated using 25,522,000 shares outstanding as of May 4, 2026.

The filing lists sole voting and dispositive power over 1,656,632 shares held within the units and is signed by Andrew B. David as Chief Operating Officer of Aristeia Capital, L.L.C.

Insights

Institutional Ownership Analyst

Large passive stake disclosed: 1,656,632 units (6.49%) reported by Aristeia.

Aristeia Capital reports beneficial ownership of 1,656,632 units with sole voting and dispositive power. The filing ties the percentage to May 4, 2026 outstanding shares of 25,522,000.

Holding size is meaningful for governance engagement; subsequent filings may show changes if shares are acquired or disposed. Cash‑flow treatment and intent are not stated in the excerpt.

Corporate Governance Specialist

Filing clarifies control rights and reporting attribution for an institutional holder.

The Schedule 13G indicates sole voting and dispositive power over the reported units, which matters for voting outcomes and potential proxy influence. The report is signed by an authorized officer, establishing formal attribution.

Because this is a passive beneficial‑ownership disclosure, the filing does not assert plans to change control or transact; further disclosures would be required to show active engagement.

Key Figures

Reported units beneficially owned: 1,656,632 units Percent of class: 6.49% Shares outstanding used in calculation: 25,522,000 shares +1 more

4 metrics

Reported units beneficially owned 1,656,632 units Amount beneficially owned reported in Schedule 13G

Percent of class 6.49% Calculated using shares outstanding as of May 4, 2026

Shares outstanding used in calculation 25,522,000 shares Outstanding shares as of May 4, 2026 per issuer 10‑K

Sole voting/dispositive power 1,656,632 shares Sole voting and sole dispositive power reported for the units

Key Terms

Units, Beneficial owner, Schedule 13G

3 terms

Units financial

"Units, each consisting of one share of Class A ordinary share one-half of one redeemable warrant"

Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.

Beneficial owner regulatory

"Amount beneficially owned: 1,656,632"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13G regulatory

"Item 1. | (a) | Name of issuer: Armada Acquisition Corp. III"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 08:57 AM Learn about SEC filing dates

FAQ

What stake does Aristeia Capital report in Armada Acquisition Corp. III (AACI)?

Aristeia Capital, L.L.C. reports beneficial ownership of 1,656,632 units, representing 6.49% of the class. The percentage uses 25,522,000 shares outstanding as of May 4, 2026 per the filing.

How were the ownership percentages calculated in the Schedule 13G for AACI?

The filing divides the reported 1,656,632 units by 25,522,000 shares outstanding to derive 6.49%. The outstanding share count is tied to the issuer's 10‑K referenced as of May 4, 2026.

Does Aristeia Capital have voting and dispositive power over the reported AACI units?

Yes. The Schedule 13G states Aristeia holds sole voting power and sole dispositive power for 1,656,632 shares, with no shared voting or dispositive power listed in the excerpt.

Who signed the Schedule 13G filing for the AACI disclosure?

The filing is signed by Andrew B. David, identified as Chief Operating Officer of Aristeia Capital, L.L.C., and dated May 14, 2026, providing authorized attribution for the reported position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Armada Acquisition Corp. III

(Name of Issuer)

Units, each consisting of one share of Class A ordinary share one-half of one redeemable warrant

(Title of Class of Securities)

G0R38M127

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G0R38M127

1

Names of Reporting Persons

Aristeia Capital, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,656,632.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,656,632.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,656,632.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.49 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Armada Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 1760 Market Street, Suite 602, Philadelphia, Pennsylvania 19103
Item 2.
(a)	Name of person filing: Aristeia Capital, L.L.C.
(b)	Address or principal business office or, if none, residence: One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)	Citizenship: Delaware
(d)	Title of class of securities: Units, each consisting of one share of Class A ordinary share one-half of one redeemable warrant
(e)	CUSIP Number(s): G0R38M127
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,656,632 The Reporting Person may be deemed the beneficial owner of 1,646,632 Class A ordinary shares, all of which are included in the Units, which is approximately 6.49% of the outstanding shares. This percentage was determined by dividing 1,656,632 by 25,522,000, which is the number of shares outstanding as of May 4, 2026, as reported in the Issuer's 10-K filed with the SEC on May 8, 2026.
(b)	Percent of class: 6.49%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,656,632
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,656,632
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Aristeia Capital, L.L.C.

Signature:	/s/ Andrew B. David
Name/Title:	Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
Date:	05/14/2026