Governors Lane LP Acquires 250,000 Shares of Artius II Acquisition Inc. $AACB

Governors Lane LP boosted its holdings in Artius II Acquisition Inc. (NASDAQ:AACB) by 100.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company’s stock after purchasing an additional 250,000 shares during the quarter. Governors Lane LP’s holdings in Artius II Acquisition were worth $5,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sculptor Capital LP bought a new stake in shares of Artius II Acquisition during the second quarter valued at approximately $14,168,000. Radcliffe Capital Management L.P. grew its stake in Artius II Acquisition by 2.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock valued at $6,871,000 after acquiring an additional 17,119 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in Artius II Acquisition in the 4th quarter valued at $5,665,000. Moore Capital Management LP bought a new stake in Artius II Acquisition in the 2nd quarter valued at $5,060,000. Finally, Periscope Capital Inc. lifted its stake in Artius II Acquisition by 4.0% in the 4th quarter. Periscope Capital Inc. now owns 450,000 shares of the company’s stock worth $4,635,000 after purchasing an additional 17,200 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Artius II Acquisition in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Artius II Acquisition Price Performance

Shares of NASDAQ:AACB opened at $10.59 on Wednesday. The firm has a fifty day simple moving average of $10.56 and a two-hundred day simple moving average of $10.46. Artius II Acquisition Inc. has a 52 week low of $10.10 and a 52 week high of $10.60.

Artius II Acquisition (NASDAQ:AACB) last announced its earnings results on Wednesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter.

Artius II Acquisition Profile

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.