Archimedes Tech SPAC Partners II (NASDAQ:ATII) Issues Quarterly Earnings Results

Archimedes Tech SPAC Partners II (NASDAQ:ATII) issued its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Archimedes Tech SPAC Partners II Price Performance

Shares of ATII opened at $10.90 on Friday. Archimedes Tech SPAC Partners II has a fifty-two week low of $10.06 and a fifty-two week high of $10.95. The business’s 50-day simple moving average is $10.53.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC lifted its stake in shares of Archimedes Tech SPAC Partners II by 1.3% in the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after acquiring an additional 4,020 shares during the period. 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. Governors Lane LP grew its holdings 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 acquiring an additional 8,617 shares during the period. Radcliffe Capital Management L.P. lifted its holdings in 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 valued at $6,820,000 after acquiring an additional 46,800 shares during the period. Finally, StoneX Group Inc. acquired a new position in shares of Archimedes Tech SPAC Partners II during the 4th quarter worth $524,000.

About Archimedes Tech SPAC Partners II

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.