Periscope Capital Inc. bought a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,048,000. Periscope Capital Inc. owned approximately 0.63% of Armada Acquisition Corp. II at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Huntington National Bank acquired a new position in Armada Acquisition Corp. II in the fourth quarter valued at approximately $26,000. Geode Capital Management LLC acquired a new position in Armada Acquisition Corp. II in the fourth quarter valued at approximately $155,000. Wolverine Asset Management LLC acquired a new position in Armada Acquisition Corp. II in the fourth quarter valued at approximately $1,058,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Armada Acquisition Corp. II in the fourth quarter valued at approximately $2,048,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.
Armada Acquisition Corp. II Stock Performance
Shares of NASDAQ XRPN opened at $10.39 on Friday. The firm has a 50 day simple moving average of $10.36. Armada Acquisition Corp. II has a fifty-two week low of $10.00 and a fifty-two week high of $10.91.
Armada Acquisition Corp. II Profile
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.
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