Readystate Asset Management LP Has $135,000 Holdings in Archimedes Tech SPAC Partners II Co. $ATII

Readystate Asset Management LP lessened its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 91.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,528 shares of the company’s stock after selling 136,206 shares during the quarter. Readystate Asset Management LP’s holdings in Archimedes Tech SPAC Partners II were worth $135,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. StoneX Group Inc. acquired a new position in Archimedes Tech SPAC Partners II during the fourth quarter valued at approximately $524,000. L1 Global Manager Pty Ltd acquired a new position in Archimedes Tech SPAC Partners II in the 4th quarter valued at $2,072,000. Harraden Circle Investments LLC bought a new position in Archimedes Tech SPAC Partners II in the 2nd quarter worth $2,530,000. Millennium Management LLC boosted its holdings 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 valued at $3,191,000 after acquiring an additional 4,020 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Archimedes Tech SPAC Partners II in the second quarter valued at about $3,527,000.

Archimedes Tech SPAC Partners II Price Performance

Archimedes Tech SPAC Partners II stock opened at $10.65 on Wednesday. The business has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $10.71. Archimedes Tech SPAC Partners II Co. has a 12 month low of $10.19 and a 12 month high of $11.40.

Analyst Upgrades and Downgrades

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