Armada Acquisition Corp. II’s (NASDAQ:AACI) Lock-Up Period To Expire on August 17th

Armada Acquisition Corp. II’s (NASDAQ:AACI) lock-up period is set to end on Monday, August 17th. Armada Acquisition Corp. II had issued 22,500,000 shares in its initial public offering on February 18th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Armada Acquisition Corp. II Price Performance

Shares of AACI stock opened at $10.00 on Wednesday. The stock has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $10.06. Armada Acquisition Corp. II has a 12-month low of $9.74 and a 12-month high of $10.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AACI. Meteora Capital LLC purchased a new stake in shares of Armada Acquisition Corp. II during the 3rd quarter worth $18,584,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth approximately $15,651,000. AQR Arbitrage LLC purchased a new position in Armada Acquisition Corp. II in the 3rd quarter valued at approximately $11,572,000. LMR Partners LLP acquired a new position in Armada Acquisition Corp. II during the second quarter worth $8,040,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Armada Acquisition Corp. II during the second quarter worth $6,158,000. Hedge funds and other institutional investors own 27.95% of the company’s stock.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.