Archimedes Tech SPAC Partners II Co. $ATII Shares Acquired by Citadel Advisors LLC

Citadel Advisors LLC increased its position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 2,311.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 250,266 shares of the company’s stock after purchasing an additional 239,889 shares during the quarter. Citadel Advisors LLC’s holdings in Archimedes Tech SPAC Partners II were worth $2,698,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Readystate Asset Management LP grew its position in Archimedes Tech SPAC Partners II by 0.8% in the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock worth $1,554,000 after acquiring an additional 1,200 shares during the period. Millennium Management LLC raised its position in Archimedes Tech SPAC Partners II by 1.3% in the fourth quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock valued at $3,191,000 after purchasing an additional 4,020 shares during the period. Westchester Capital Management LLC lifted its stake in shares of Archimedes Tech SPAC Partners II by 0.8% in the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock valued at $9,398,000 after purchasing an additional 7,144 shares during the last quarter. Governors Lane LP lifted its stake in shares of Archimedes Tech SPAC Partners II by 1.1% in the 4th quarter. Governors Lane LP now owns 758,617 shares of the company’s stock valued at $7,859,000 after purchasing an additional 8,617 shares during the last quarter. Finally, Radcliffe Capital Management L.P. grew its holdings in shares of Archimedes Tech SPAC Partners II by 7.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock worth $6,820,000 after purchasing an additional 46,800 shares during the period.

Archimedes Tech SPAC Partners II Price Performance

NASDAQ:ATII opened at $10.65 on Wednesday. Archimedes Tech SPAC Partners II Co. has a fifty-two week low of $10.19 and a fifty-two week high of $11.40. The company has a 50 day moving average price of $10.71 and a 200 day moving average price of $10.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.