Harraden Circle Investments LLC Purchases New Stake in Archimedes Tech SPAC Partners II Co. $ATII

Harraden Circle Investments LLC acquired a new position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 234,661 shares of the company’s stock, valued at approximately $2,530,000.

Several other large investors also recently added to or reduced their stakes in ATII. FNY Investment Advisers LLC acquired a new stake in shares of Archimedes Tech SPAC Partners II in the 2nd quarter worth $3,527,000. Readystate Asset Management LP grew its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% in the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock valued at $1,554,000 after purchasing an additional 1,200 shares during the period. Rivernorth Capital Management LLC grew its holdings in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after purchasing an additional 90,000 shares during the period. Millennium Management LLC increased its position in Archimedes Tech SPAC Partners II by 1.3% during the fourth quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after purchasing an additional 4,020 shares during the last quarter. Finally, Governors Lane LP raised its stake in Archimedes Tech SPAC Partners II by 1.1% during the fourth quarter. Governors Lane LP now owns 758,617 shares of the company’s stock worth $7,859,000 after purchasing an additional 8,617 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Price Performance

ATII stock opened at $10.65 on Friday. Archimedes Tech SPAC Partners II Co. has a 52-week low of $10.19 and a 52-week high of $11.40. The business has a fifty day moving average of $10.71 and a two-hundred day moving average of $10.71.

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.