ARMADA ACQUISITION CORP II

Ticker: XRPNW CUSIP: G0R38G112 Class: *W EXP 05/21/203

Polar Asset Management Partners Inc.'s Holding History (CIK: 0001326389)

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

Q4 2025
Shares 300,000 Value ($000) $267 Avg Close — Range —
Q3 2025
Shares 300,000 Value ($000) $285 Avg Close — Range —
Q2 2025
Shares 300,000 Value ($000) $81 Avg Close — Range —