Armada Acquisition Corp. II’s (NASDAQ:AACI – Get Free Report) lock-up period will expire on Monday, August 17th. Armada Acquisition Corp. II had issued 22,500,000 shares in its initial public offering on February 18th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Armada Acquisition Corp. II Price Performance
NASDAQ:AACI opened at $10.00 on Friday. Armada Acquisition Corp. II has a 1 year low of $9.74 and a 1 year high of $10.00. The business has a 50 day simple moving average of $9.98 and a 200-day simple moving average of $10.05.
Institutional Investors Weigh In On Armada Acquisition Corp. II
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC bought a new stake in Armada Acquisition Corp. II during the 3rd quarter valued at $235,000. Steadfast Capital Management LP bought a new position in shares of Armada Acquisition Corp. II during the 3rd quarter worth $835,000. Boothbay Fund Management LLC bought a new position in shares of Armada Acquisition Corp. II during the 2nd quarter worth $1,357,000. Cable Car Capital LP purchased a new position in shares of Armada Acquisition Corp. II during the third quarter valued at $1,565,000. Finally, Citadel Advisors LLC purchased a new position in shares of Armada Acquisition Corp. II during the third quarter valued at $2,024,000. Institutional investors own 27.95% of the company’s stock.
Armada Acquisition Corp. II Company Profile
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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