ARMADA ACQUISITION CORP II

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

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q4 2025
Shares 116,060 Value ($000) $103 Avg Close — Range —
Q3 2025
Shares 80,231 Value ($000) $76 Avg Close — Range —