Periscope Capital Inc. Makes New Investment in Armada Acquisition Corp. II $XRPN

Periscope Capital Inc. bought a new position in Armada Acquisition Corp. II (NASDAQ:XRPN) during the 4th quarter, HoldingsChannel reports. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,048,000.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank acquired a new stake in Armada Acquisition Corp. II in the fourth quarter worth $26,000. Geode Capital Management LLC acquired a new stake in Armada Acquisition Corp. II in the fourth quarter worth $155,000. Wolverine Asset Management LLC acquired a new stake in Armada Acquisition Corp. II in the fourth quarter worth $1,058,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Armada Acquisition Corp. II in the fourth quarter worth $2,048,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.

Armada Acquisition Corp. II Stock Performance

XRPN opened at $10.39 on Friday. The stock has a fifty day moving average price of $10.36. Armada Acquisition Corp. II has a twelve month low of $10.00 and a twelve month high of $10.91.

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

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.