Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 23

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable ordinary shares is excluded from earnings per share as the redemption value approximates fair value.
    
   The calculation of diluted net income (loss) per share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement, since the exercise of the warrants are contingent upon the occurrence of future events. As of  June 30, 2025, the warrants are exercisable to purchase 11,920,000 ordinary shares. The weighted average of these shares was excluded from the calculation of diluted net income (loss) per ordinary share since the inclusion of such warrants would be anti-dilutive. The warrants cannot be converted to ordinary shares prior to an initial Business Combination; therefore, they have been classified as anti-dilutive.

       For the Three Months Ended June 30,    For the Six Months  Ended June 30,  
   2025    2025  
   Redeemable    Non- Redeemable    Redeemable    Non- Redeemable  
 Basic net income per share:                 
 Numerator:                 
 Allocation of net income  $1,833,298  $525,280  $2,597,582  $920,219 
 Denominator:                 
 Basic weighted-average shares outstanding   23,000,000   6,590,000   17,535,912   6,212,265 
 Basic net income per ordinary share  $0.08  $0.08  $0.15  $0.15 

       For the Three Months  Ended June 30,    For the Six Months  Ended June 30,  
   2025    2025  
   Redeemable    Non- Redeemable    Redeemable    Non- Redeemable  
 Diluted net income per share:                 
 Numerator:                 
 Allocation of net income  $1,833,298  $525,280  $2,578,685