L1 Global Manager Pty Ltd Acquires New Shares in Archimedes Tech SPAC Partners II Co. $ATII

L1 Global Manager Pty Ltd acquired a new stake in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,072,000. Archimedes Tech SPAC Partners II makes up 1.4% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 17th largest position.

Separately, StoneX Group Inc. acquired a new stake in Archimedes Tech SPAC Partners II during the 4th quarter valued at $524,000.

Archimedes Tech SPAC Partners II Stock Performance

Shares of Archimedes Tech SPAC Partners II stock opened at $10.98 on Friday. Archimedes Tech SPAC Partners II Co. has a twelve month low of $10.12 and a twelve month high of $11.40. The firm has a fifty day moving average price of $10.83.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last posted its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Company 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.