Periscope Capital Inc. lowered its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Free Report) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 448,100 shares of the company’s stock after selling 51,900 shares during the period. Archimedes Tech SPAC Partners II makes up 0.5% of Periscope Capital Inc.’s portfolio, making the stock its 22nd biggest position. Periscope Capital Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded 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, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II Trading Up 0.2%
Archimedes Tech SPAC Partners II (NASDAQ:ATII – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.
Archimedes Tech SPAC Partners II Company Profile
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.
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