Aristeia Capital L.L.C. Acquires New Holdings in Armada Acquisition Corp. II $XRPN

Aristeia Capital L.L.C. acquired a new position in Armada Acquisition Corp. II (NASDAQ:XRPN) in the fourth quarter, Holdings Channel reports. The fund acquired 500,000 shares of the company’s stock, valued at approximately $5,120,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Arbitrage LLC bought a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $11,303,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Armada Acquisition Corp. II in the 4th quarter worth $513,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth $6,144,000. Meteora Capital LLC bought a new stake in Armada Acquisition Corp. II during the fourth quarter valued at about $30,461,000. Finally, Pantera Capital Partners LP purchased a new position in Armada Acquisition Corp. II in the fourth quarter valued at about $10,240,000. Institutional investors own 27.95% of the company’s stock.

Armada Acquisition Corp. II Stock Performance

NASDAQ XRPN opened at $10.42 on Thursday. The business has a fifty day moving average price of $10.39. Armada Acquisition Corp. II has a 12-month low of $10.00 and a 12-month high of $10.91.

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

Wall Street Analysts Forecast Growth

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

Armada Acquisition Corp. II Company 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.