DLD Asset Management LP Sells 50,000 Shares of Archimedes Tech SPAC Partners II Co. $ATII

DLD Asset Management LP lowered its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 25.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 150,000 shares of the company’s stock after selling 50,000 shares during the quarter. DLD Asset Management LP’s holdings in Archimedes Tech SPAC Partners II were worth $1,562,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. StoneX Group Inc. bought a new stake in Archimedes Tech SPAC Partners II in the fourth quarter worth $524,000. L1 Global Manager Pty Ltd bought a new position in Archimedes Tech SPAC Partners II during the fourth quarter valued at $2,072,000. Millennium Management LLC increased its position 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 last quarter. Rivernorth Capital Management LLC raised its stake in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after acquiring an additional 90,000 shares during the period. Finally, Radcliffe Capital Management L.P. raised 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 valued at $6,820,000 after acquiring an additional 46,800 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Archimedes Tech SPAC Partners II presently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Price Performance

ATII opened at $10.68 on Thursday. The firm’s fifty day simple moving average is $10.97. Archimedes Tech SPAC Partners II Co. has a 52-week low of $10.19 and a 52-week high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last released its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

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.