Periscope Capital Inc. Has $4.64 Million Stock Holdings in Archimedes Tech SPAC Partners II Co. $ATII

Periscope Capital Inc. cut its holdings in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 448,100 shares of the company’s stock after selling 51,900 shares during the quarter. Archimedes Tech SPAC Partners II makes up 0.5% of Periscope Capital Inc.’s portfolio, making the stock its 22nd largest position. Periscope Capital Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $4,642,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Trading Up 0.2%

Archimedes Tech SPAC Partners II stock opened at $11.22 on Friday. The firm has a 50-day moving average price of $10.69. Archimedes Tech SPAC Partners II Co. has a 12-month low of $10.11 and a 12-month high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

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.