Company: ATIIU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016848
Chunk: 25

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:

     Gross proceeds  $230,000,000 
 Less:     
 Proceeds allocated to Public Warrants   (1,725,000)
 Ordinary shares issuance costs   (13,058,326)
 Plus:     
 Accretion of carrying value to redemption value   17,239,210 
 Ordinary shares subject to possible redemption, March 31, 2025  $232,455,884 

   Recent Accounting Standards
    
   Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

        12

       ARCHIMEDES TECH SPAC PARTNERS II CO. NOTES TO CONDENSED FINANCIAL STATEMENTS  MARCH 31, 2025 (UNAUDITED)

   NOTE 3 — INITIAL PUBLIC OFFERING
    
   Pursuant to the Initial Public Offering, the Company sold 23,000,000 Units, which included a full exercise by the underwriter of their over-allotment option of 3,000,000 Units, at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one-half Public Warrant. Each whole Public Warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share, subject to adjustment (Note 7).

   NOTE 4 — PRIVATE PLACEMENT
    
   Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 840,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor and BTIG, generating gross proceeds of $8,400,000. Each Private Placement Unit consists of one ordinary share and one-half of one redeemable warrant (the “Private Placement Warrants”), with each whole Private Placement Warrant entitling the holder to purchase one ordinary share at a price of $11.50 per share, subject to adjustment (Note 7). The proceeds from the sale of the Private Placement Units are added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Completion Window, the proceeds from the sale of the Private Placement Units held in the Trust Account