ARMADA ACQUISITION CORP II

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

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

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

Q4 2025
Shares 375,776 Value ($000) $334 Avg Close — Range —
Q3 2025
Shares 341,441 Value ($000) $324 Avg Close — Range —
Q2 2025
Shares 307,000 Value ($000) $83 Avg Close — Range —