Mint Tower Capital Management B.V. Purchases Shares of 250,000 Armada Acquisition Corp. II $XRPN

Mint Tower Capital Management B.V. acquired a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,560,000. Mint Tower Capital Management B.V. owned approximately 0.79% of Armada Acquisition Corp. II at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Huntington National Bank acquired a new stake in Armada Acquisition Corp. II during the fourth quarter worth approximately $26,000. Geode Capital Management LLC acquired a new stake in shares of Armada Acquisition Corp. II during the fourth quarter worth about $155,000. Wolverine Asset Management LLC acquired a new stake in shares of Armada Acquisition Corp. II during the fourth quarter worth about $1,058,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Armada Acquisition Corp. II during the fourth quarter worth about $2,048,000. Finally, Periscope Capital Inc. acquired a new stake in shares of Armada Acquisition Corp. II during the fourth quarter worth about $2,048,000. Institutional investors and hedge funds own 27.95% of the company’s stock.

Armada Acquisition Corp. II Stock Performance

Shares of XRPN stock opened at $10.41 on Friday. Armada Acquisition Corp. II has a 52-week low of $10.00 and a 52-week high of $10.91. The firm has a 50-day moving average of $10.38.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Armada Acquisition Corp. II

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.