Governors Lane LP Sells 154,699 Shares of Archimedes Tech SPAC Partners II Co. $ATII

Governors Lane LP decreased its position in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 604,857 shares of the company’s stock after selling 154,699 shares during the period. Governors Lane LP’s holdings in Archimedes Tech SPAC Partners II were worth $6,520,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ATII. StoneX Group Inc. bought a new position in Archimedes Tech SPAC Partners II during the fourth quarter worth about $524,000. Readystate Asset Management LP increased 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 worth $1,554,000 after acquiring an additional 1,200 shares in the last quarter. L1 Global Manager Pty Ltd bought a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter worth about $2,072,000. Harraden Circle Investments LLC acquired a new stake in shares of Archimedes Tech SPAC Partners II during the second quarter worth about $2,530,000. Finally, Citadel Advisors LLC raised its position in shares of Archimedes Tech SPAC Partners II by 2,311.7% during the second quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock worth $2,698,000 after purchasing an additional 239,889 shares during the period.

Analysts Set New Price Targets

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

Archimedes Tech SPAC Partners II Stock Performance

NASDAQ ATII opened at $10.65 on Wednesday. Archimedes Tech SPAC Partners II Co. has a 12-month low of $10.19 and a 12-month high of $11.40. The firm’s 50 day moving average is $10.71 and its 200-day moving average is $10.71.

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.