Wolverine Asset Management LLC Sells 100,972 Shares of Archimedes Tech SPAC Partners II Co. $ATII

Wolverine Asset Management LLC cut its position in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 355,354 shares of the company’s stock after selling 100,972 shares during the quarter. Wolverine Asset Management LLC’s holdings in Archimedes Tech SPAC Partners II were worth $3,681,000 at the end of the most recent reporting period.

Archimedes Tech SPAC Partners II Price Performance

Shares of ATII stock opened at $10.64 on Tuesday. Archimedes Tech SPAC Partners II Co. has a 12 month low of $10.04 and a 12 month high of $10.70. The stock’s 50 day simple moving average is $10.49.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.07 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Archimedes Tech SPAC Partners II in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.