Governors Lane LP decreased its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Free Report) by 20.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 604,857 shares of the company’s stock after selling 154,699 shares during the quarter. Governors Lane LP’s holdings in Archimedes Tech SPAC Partners II were worth $6,520,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. L1 Global Manager Pty Ltd bought a new position in shares of Archimedes Tech SPAC Partners II in the fourth quarter valued at $2,072,000. FNY Investment Advisers LLC bought a new stake in Archimedes Tech SPAC Partners II during the second quarter worth $3,527,000. Harraden Circle Investments LLC acquired a new stake in Archimedes Tech SPAC Partners II in the second quarter valued at $2,530,000. Radcliffe Capital Management L.P. lifted its stake in Archimedes Tech SPAC Partners II by 7.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock valued at $6,820,000 after acquiring an additional 46,800 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Archimedes Tech SPAC Partners II by 2,311.7% in the 2nd quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock valued at $2,698,000 after acquiring an additional 239,889 shares during the period.
Archimedes Tech SPAC Partners II Price Performance
Shares of Archimedes Tech SPAC Partners II stock opened at $10.65 on Wednesday. The business has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $10.71. Archimedes Tech SPAC Partners II Co. has a 1 year low of $10.19 and a 1 year high of $11.40.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II Profile
Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.
Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.
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