Archimedes Tech SPAC Partners I
10.38+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · ATII · USD
Key Stats
Market Cap
307.14MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Archimedes Tech SPAC Partners II Co. posted net income of $2.4M for Q2 2025 ended June 30, driven by $2.5M in interest from its $235M trust account, offsetting $130K in administrative costs— a sharp turnaround from the $43K loss in the prior-year stub period. For the half-year, net income hit $3.5M on $3.8M interest against $277K expenses, with diluted EPS at $0.15 for redeemable shares on 17.5M weighted average, reconciled without anti-dilution from warrants. Cash outside trust stood at $1.8M post-IPO, supporting target hunts in AI and tech, while the $8.1M deferred underwriting fee awaits a deal. No debt burdens the balance sheet. Yet high redemptions could shrink the pot for any merger.
10-Q
Q1 FY2025 results
Archimedes Tech SPAC Partners II Co. posted net income of $1.2M for Q1 FY2025 ended March 31, 2025, fueled by $1.3M in interest from its Trust Account while general expenses hit $147K. The blank check firm closed its IPO on February 12, 2025, raising $230M from 23M units at $10 each, plus $8.4M from private placements, funneling $231.2M into the Trust at $10.11 per share. Cash outside the Trust stands at $1.9M, with no debt but a $8.1M deferred underwriting fee looming if a deal closes. No capex or FCF yet, as operations await a merger. Warrants remain anti-dilutive. Sponsors locked in founder shares. Geopolitical tensions could snag the hunt for a tech target.
8-K
SPAC enables unit separation
Archimedes Tech SPAC Partners II Co. announced on March 31, 2025, that holders of its units can elect to separate and trade ordinary shares and warrants starting April 3, 2025. Each unit bundles one share and half a warrant; separated components will trade under ATII and ATIIW on Nasdaq, while intact units remain ATIIU. This liquidity boost aids investors in the blank check company's hunt for AI, cloud, or automotive tech targets. Forward-looking statements carry risks detailed in SEC filings.
10-K
FY2024 results
Archimedes Tech SPAC Partners II Co. reported a net loss of $78,700 for FY2024 ended December 31, 2024, driven by general and administrative costs amid pre-IPO organizational activities, with no revenue or operations. The company raised $230 million in its February 12, 2025 IPO, placing $231.15 million into trust for a tech-focused business combination, targeting AI, cloud, and automotive sectors within 21 months. Q4 2024 showed no distinct momentum, as activities remained nominal until the post-year-end offering. Liquidity relies on trust funds, with sponsor loans possible for due diligence. No annual guidance disclosed. Yet, failure to complete a deal risks full redemption and dissolution.
8-K
SPAC IPO closes with $238.4M raised
Archimedes Tech SPAC Partners II Co. closed its IPO on February 12, 2025, selling 23 million units at $10 each for $230 million in gross proceeds, including the full over-allotment option. A simultaneous private placement added $8.4 million from 840,000 units sold to the sponsor and underwriter representative. $231.15 million now sits in trust, funding a tech-focused business combination within 21 months. No target yet.
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