ARMADA ACQUISITION CORP II

Ticker: XRPN CUSIP: G0R38G104 Class: COM CL A

Karpus Management, Inc.'s Holding History (CIK: 0001048703)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 547,500 Value ($000) $5,606 Avg Close $10.27 Range $10.10 - $10.91

Q3 2025

Shares 547,500 Value ($000) $5,713 Avg Close $10.19 Range $10.03 - $10.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	547,500	$5,606	$10.27	$10.10 - $10.91
Q3 2025	547,500	$5,713	$10.19	$10.03 - $10.50