Armada Acquisition Corp I
In talks with Rezolve
Rezolve is taking retailing into a new era of customer engagement with a proprietary mobile engagement platform. The Rezolve Platform is a powerful set of mobile commerce and engagement capabilities that provide mobile application vendors with a range of valuable commercial opportunities that can be realized without having to develop code, host operations or manage security. The Rezolve Inside SDK allows mobile application vendors to quickly deliver innovation for their consumers into existing or new mobile apps. Rezolve was founded in 2016, is headquartered in London, UK and has offices in China, India, Taiwan, Germany, Spain and Mexico.
Rumor from
SPAC Details
Ticker : AACI
Status : Definitive Agreement
Sector : Technology, Consumer
Target :
not announced
Trust account : $ 150.0 million
Underwriters : Northland Capital Markets
Lawyers : Ellenoff Grossman & Schole, Graubard Miller
IPO : Aug. 13, 2021
Target Announced : Dec. 17, 2021
Merger Closed : n/a
Liquidation : Feb. 17, 2023
CEO & Chairman : Stephen P. Herbert
Pres, Treasurer, Sec. & Director : Douglas M. Lurio Esq.
Performance
Common Price : $ 9.98
NAV : $ 10.00
Premium to NAV : 0%
Warrant Price : $ 0.05
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 0.00
Total Return : 2%
Annualized Return : 2%
Annualized Volatility : 8%
Sharpe Ratio : -2.83
Maximum Drawdown : 5%
Rezolve
Rezolve is taking retailing into a new era of customer engagement with a proprietary mobile engagement platform. The Rezolve Platform is a powerful set of mobile commerce and engagement capabilities that provide mobile application vendors with a range of valuable commercial opportunities that can be realized without having to develop code, host operations or manage security. The Rezolve Inside SDK allows mobile application vendors to quickly deliver innovation for their consumers into existing or new mobile apps. Rezolve was founded in 2016, is headquartered in London, UK and has offices in China, India, Taiwan, Germany, Spain and Mexico.
Target announced on Dec. 17, 2021
Transaction Overview and Valuation
Equity Value at $10 per share : $ 2.0 billion
Equity Value at current $ per share :
$ 206.7 million
Enterprise Value at $10 per share : $ 1.9 billion
Business Combination Proceeds :
$ 150.0 million Cash in Trust +
$ 21.0 million PIPE
2024E implied EV/Ebitda multiple of 18.15x
2024E implied EV/Revenue multiple of 1.76x
see Investor Presentation
Source: Investor presentation. For the latest financial projections please refer to the investor relations department of the company.