Radcliffe Capital Management L.P. Purchases Shares of 466,789 Armada Acquisition Corp. II $XRPN

Radcliffe Capital Management L.P. purchased a new stake in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 466,789 shares of the company’s stock, valued at approximately $4,780,000. Radcliffe Capital Management L.P. owned about 1.48% of Armada Acquisition Corp. II as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of XRPN. Wolverine Asset Management LLC acquired a new stake in Armada Acquisition Corp. II in the fourth quarter valued at $1,058,000. Geode Capital Management LLC acquired a new position in Armada Acquisition Corp. II during the 4th quarter worth about $155,000. Huntington National Bank acquired a new position in Armada Acquisition Corp. II during the 4th quarter worth about $26,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $2,048,000. Finally, Periscope Capital Inc. bought a new stake in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $2,048,000. Institutional investors own 27.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Armada Acquisition Corp. II Stock Up 0.1%

XRPN opened at $10.43 on Wednesday. Armada Acquisition Corp. II has a twelve month low of $10.00 and a twelve month high of $10.91. The business’s fifty day moving average price is $10.38.

Armada Acquisition Corp. II (NASDAQ:XRPN) last released its earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank?check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.