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Armada Acquisition Corp. II Class A Ordinary Shares (AACI)

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Upturn Advisory Summary
01/05/2026: AACI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -0.29% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 69.49M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -0.04 | 52 Weeks Range 8.10 - 14.50 | Updated Date 09/22/2024 |
52 Weeks Range 8.10 - 14.50 | Updated Date 09/22/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.14 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -6.28% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 73677193 | Price to Sales(TTM) - |
Enterprise Value 73677193 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -23.45 | Shares Outstanding 7127190 | Shares Floating 2039658 |
Shares Outstanding 7127190 | Shares Floating 2039658 | ||
Percent Insiders 77.83 | Percent Institutions 13.25 |
Upturn AI SWOT
Armada Acquisition Corp I
Company Overview
History and Background
Armada Acquisition Corp. II (NASDAQ: AACI) was a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It was incorporated in the Cayman Islands and its IPO was in February 2021. Armada Acquisition Corp. II completed its business combination with Gett Inc., a global ride-hailing company, in July 2023, and subsequently changed its name to Gett Inc. (NASDAQ: GETT). Therefore, historical data pertains to the SPAC phase.
Core Business Areas
- SPAC Formation and Business Combination: As a SPAC, its core business was to identify and merge with a target company. Post-merger, it became an operating company, Gett Inc., which focuses on ride-hailing and corporate ground transportation.
Leadership and Structure
During its SPAC phase, the leadership team included CEO and Chairman Michael E. Corrigan, CFO and Treasurer David R. Marsh, and other executive officers and directors. Post-merger, the leadership of Gett Inc. assumed control.
Top Products and Market Share
Key Offerings
- Gett Ride-Hailing Platform: A global ride-hailing platform connecting passengers with drivers. Competitors include Uber, Lyft, and local ride-sharing services worldwide. Market share data for the SPAC phase is not applicable as it was a shell company. Post-merger, Gett Inc. focuses on corporate and consumer ride-hailing, with specific market share data varying by region.
- Gett Business (Corporate Travel): A platform for businesses to manage and book ground transportation for their employees. Competitors include traditional corporate travel agencies, other ride-hailing services with business solutions, and corporate car services. Specific market share data for this segment is not readily available for the SPAC phase. Gett Inc. aims to capture a significant share of the corporate travel market.
Market Dynamics
Industry Overview
The ride-hailing and ground transportation industry is highly competitive and dynamic, driven by technological advancements, changing consumer preferences, and regulatory environments. The corporate ground transportation segment is evolving with a focus on cost-efficiency, sustainability, and integrated travel management solutions.
Positioning
As a SPAC, Armada Acquisition Corp. II's positioning was focused on identifying a suitable acquisition target. Post-merger, Gett Inc. aims to differentiate itself by focusing on corporate clients and sustainable transportation solutions in select markets.
Total Addressable Market (TAM)
The global ride-hailing market is estimated to be hundreds of billions of dollars and is projected to grow significantly. The corporate ground transportation market is also substantial. Gett Inc.'s TAM is dependent on its geographic reach and service offerings within these broader markets. As a SPAC, it had no direct market share of any industry before its acquisition.
Upturn SWOT Analysis
Strengths
- Experienced SPAC management team during its formation.
- Access to public markets for capital raising (post-merger).
- Focus on the growing corporate ground transportation segment.
Weaknesses
- As a SPAC, it had no inherent business operations or revenue before its merger.
- The SPAC market is subject to volatility and regulatory scrutiny.
- Intense competition in the ride-hailing and transportation sectors.
Opportunities
- Potential for growth in the corporate travel market through technology and partnerships.
- Expansion into new geographic regions.
- Development of sustainable transportation solutions.
Threats
- Intense competition from established players like Uber and Lyft.
- Regulatory changes impacting the ride-hailing industry.
- Economic downturns affecting corporate travel budgets.
- Technological disruptions and emergence of new mobility solutions.
Competitors and Market Share
Key Competitors
- Uber Technologies, Inc. (UBER)
- Lyft, Inc. (LYFT)
- Didi Global Limited (DIDI)
Competitive Landscape
Armada Acquisition Corp. II as a SPAC had no competitive landscape. Gett Inc. (post-merger) faces a highly competitive market dominated by larger players like Uber and Lyft, but can differentiate through its focus on corporate clients and specific market strategies.
Major Acquisitions
Gett Inc.
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: To combine Armada Acquisition Corp. II's public listing and capital with Gett Inc.'s established ride-hailing and corporate transportation business, enabling Gett Inc. to access public markets for further growth and expansion.
Growth Trajectory and Initiatives
Historical Growth: Historical growth for Armada Acquisition Corp. II is limited to its fundraising success during its IPO. Its growth trajectory as an operating entity is now linked to Gett Inc.'s performance.
Future Projections: Future projections are for Gett Inc. and would depend on its ability to execute its business strategy, expand its market reach, and manage costs in the competitive transportation sector. Analyst estimates for Gett Inc. would provide these projections.
Recent Initiatives: The most significant recent initiative was the business combination with Gett Inc. in July 2023.
Summary
Armada Acquisition Corp. II was a SPAC that successfully merged with Gett Inc., transitioning into an operating entity. Gett Inc. operates in the competitive ride-hailing and corporate transportation sectors. While Gett Inc. has opportunities in its targeted markets, it faces significant competition and regulatory challenges. Its future success hinges on effective execution of its growth strategies and financial management.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings (Form S-1, 8-K, 10-K, etc.)
- Company Press Releases
- Financial News Outlets (e.g., Bloomberg, Reuters, Wall Street Journal)
- Industry Research Reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Data accuracy is subject to the availability and reliability of public disclosures. Historical performance is not indicative of future results. Market share data is estimated and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Armada Acquisition Corp I
Exchange NASDAQ | Headquaters Philadelphia, PA, United States | ||
IPO Launch date 2021-11-10 | CEO & Chairman Mr. Stephen P. Herbert | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://armadaacq.com |
Full time employees - | Website https://armadaacq.com | ||
Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.

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