Spartacus Acquisition Corp. II (NASDAQ:TMTS) Issues Quarterly Earnings Results

Spartacus Acquisition Corp. II (NASDAQ:TMTS) posted its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Spartacus Acquisition Corp. II Stock Down 0.1%

NASDAQ TMTS traded down $0.01 on Thursday, reaching $10.02. The stock had a trading volume of 185 shares, compared to its average volume of 132,521. Spartacus Acquisition Corp. II has a 12-month low of $9.90 and a 12-month high of $10.45. The company’s fifty day moving average price is $10.03.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Spartacus Acquisition Corp. II in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Spartacus Acquisition Corp. II Company Profile

Spartacus Acquisition Corp. II was a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination. It did not operate a separate business or offer products and services of its own. The company agreed to combine with NextNav, a provider of positioning, navigation and timing technology designed to complement GPS, including solutions for determining locations indoors and in three dimensions. The business combination was completed in 2021, and the combined company began operating as NextNav Inc.