Mint Tower Capital Management B.V. Makes New $2.56 Million Investment in Armada Acquisition Corp. II $XRPN

Mint Tower Capital Management B.V. purchased a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,560,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Huntington National Bank acquired a new position in shares of Armada Acquisition Corp. II during the 4th quarter worth $26,000. Geode Capital Management LLC acquired a new position in shares of Armada Acquisition Corp. II during the 4th quarter worth $155,000. Wolverine Asset Management LLC acquired a new stake in shares of Armada Acquisition Corp. II in the 4th quarter worth approximately $1,058,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Armada Acquisition Corp. II in the 4th quarter worth approximately $2,048,000. Finally, Periscope Capital Inc. acquired a new stake in shares of Armada Acquisition Corp. II in the 4th quarter worth approximately $2,048,000. 27.95% of the stock is owned by institutional investors and hedge funds.

Armada Acquisition Corp. II Stock Performance

Armada Acquisition Corp. II stock opened at $10.41 on Friday. Armada Acquisition Corp. II has a 12-month low of $10.00 and a 12-month high of $10.91. The business’s 50-day moving average price is $10.38.

Armada Acquisition Corp. II (NASDAQ:XRPN) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Armada Acquisition Corp. II has an average rating of “Sell”.

Armada Acquisition Corp. II Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.