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Distinct shells carrying a filed role for this person — not every shell they have ever touched.
SEC-verified vehicles of the same sponsor, predating these roles and carrying none of them. The badge counts them; the figure beside this one does not.
Mergers closed across all 3 — these vehicles and the franchise's earlier ones together.
Announced but not closed, and still hunting — again over all 3.
No closed vehicle here has both a stored price and a filed trust value to score it against.
2 vehicles on file, newest listing first
5 of 7 appear on more than one
3 people on two or more of them
**Douglas M. Lurio** is a corporate attorney and SPAC executive who currently serves as President, Chief Financial Officer, and Director of Armada Acquisition Corp. III (AACI), a special purpose acquisition company targeting businesses providing technological services to the financial services industry, including FinTech, Software-as-a-Service, and artificial intelligence. Based in Philadelphia, Pennsylvania, Lurio has worked alongside Chairman and CEO Stephen P. Herbert for over 25 years, forming a long-standing partnership in the FinTech space. Together, they have launched multiple Armada Acquisition vehicles, with Armada Acquisition Corp. II having closed a $230 million initial public offering and Armada Acquisition Corp. III pricing its SPAC IPO on February 17, 2026, raising $225 million through the sale of 22.5 million units at $10.00 each on the Nasdaq under the ticker AACIU. Lurio has also served as a strategic advisor and executive officer of Armada Acquisition Corp. II, and his contact information lists him as President and Director at armadaacq.com.
From 1996 to 2019, Lurio and Herbert worked together at USA Technologies, Inc., a FinTech company that changed its name to Cantaloupe Inc. on April 15, 2021, and whose stock trades on Nasdaq under the symbol CTLP. Lurio's professional background is that of a corporate attorney with a history of structuring complex merger transactions, and his legal expertise has been central to the Armada vehicles' approach to deal evaluation and execution. At Armada Acquisition Corp. III, he has been responsible for legal structuring while Herbert led strategic direction, with the management team positioning the vehicle to target late-stage or mature private enterprises seeking a public listing, primarily in North America. The SPAC was formed in early 2021 and incorporated in the Cayman Islands, with its headquarters at 1760 Market Street, Suite 602, Philadelphia, PA 19103.
The Armada Acquisition Corp. III vehicle operated with a lean structure and was designed for a single business combination, with structural flexibility intended to allow direct negotiation with target companies, bypassing traditional IPO underwriting timelines and costs. The SPAC's underwriters included Cohen & Company Capital Markets and Northland Capital Markets. Earlier reporting indicated that the vehicle's lifecycle ended without a definitive agreement, with the trust liquidated and capital returned to public shareholders, and a dissolution filing in December 2022 after failing to complete a business combination within the required timeframe. However, subsequent filings and a repriced IPO in 2026 suggest a renewed or continued effort under the same vehicle. No completed business combination or named target has been publicly confirmed. Lurio's track record across the Armada platform reflects both the ambition and the inherent execution risk of blank-check vehicles, where sourcing discipline, regulatory navigation, and speed must coexist. His deep experience in FinTech, combined with Herbert's operational background at Innovative Industrial Properties, a publicly traded cannabis REIT, provided a niche lens for evaluating targets requiring regulatory navigation.
This record is keyed to SEC CIK 0001202181 — the identifier this person files under in their own name. Every vehicle above is a filing made under that CIK, so “the same person on two shells” is a fact about an SEC identifier rather than about a name that happens to match.
Roles are the strings the filings used, in the order they were filed. Nothing on this page ranks them, infers seniority, or offers a reason why any two of these names recur — a recurrence is a count, and the filings that produced it are linked beside every row. We also hold 18 institutional-holder rows on these vehicles, under 11 distinct name strings, and none of them is counted across vehicles: that table has no CIK column, and matching holders by name would merge firms that are not the same firm.