Archimedes Tech SPAC Partners II (NASDAQ:ATII) Announces Earnings Results

Archimedes Tech SPAC Partners II (NASDAQ:ATII) announced its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Archimedes Tech SPAC Partners II Stock Up 0.2%

Shares of ATII traded up $0.02 during trading hours on Wednesday, hitting $10.48. The stock had a trading volume of 1,200 shares, compared to its average volume of 59,268. Archimedes Tech SPAC Partners II has a 12 month low of $9.96 and a 12 month high of $10.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Archimedes Tech SPAC Partners II in a report on Monday, January 26th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATII. Rivernorth Capital Management LLC increased its position in shares of Archimedes Tech SPAC Partners II by 25.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after purchasing an additional 90,000 shares during the last quarter. Millennium Management LLC grew 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 buying an additional 4,020 shares during the period. Governors Lane LP increased its holdings in Archimedes Tech SPAC Partners II by 1.1% during the fourth quarter. Governors Lane LP now owns 758,617 shares of the company’s stock valued at $7,859,000 after buying an additional 8,617 shares during the last quarter. Meteora Capital LLC increased its holdings in Archimedes Tech SPAC Partners II by 10.5% during the fourth quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock valued at $7,443,000 after buying an additional 68,533 shares during the last quarter. Finally, Radcliffe Capital Management L.P. raised its position in 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 worth $6,820,000 after acquiring an additional 46,800 shares during the period.

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.