Harraden Circle Investments LLC Takes $2.53 Million Position in Archimedes Tech SPAC Partners II Co. $ATII

Harraden Circle Investments LLC acquired a new position in 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 institutional investor acquired 234,661 shares of the company’s stock, valued at approximately $2,530,000.

Other institutional investors have also recently made changes to their positions in the company. StoneX Group Inc. purchased a new stake in Archimedes Tech SPAC Partners II in the fourth quarter valued at $524,000. L1 Global Manager Pty Ltd purchased a new position in shares of Archimedes Tech SPAC Partners II during the 4th quarter valued at about $2,072,000. Westchester Capital Management LLC lifted its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% in the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock valued at $9,398,000 after buying an additional 7,144 shares during the period. Radcliffe Capital Management L.P. boosted its stake in shares of 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 worth $6,820,000 after buying an additional 46,800 shares during the last quarter. Finally, Meteora Capital LLC grew its holdings in Archimedes Tech SPAC Partners II by 10.5% during the fourth quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock worth $7,443,000 after acquiring an additional 68,533 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, Archimedes Tech SPAC Partners II has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Trading Up 0.1%

Shares of NASDAQ:ATII opened at $10.65 on Friday. The business’s 50 day moving average price is $10.71 and its 200-day moving average price is $10.71. Archimedes Tech SPAC Partners II Co. has a 1 year low of $10.19 and a 1 year high of $11.40.

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.