Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 11

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
  $24,425  $(42,700) $(17,700)

      (1) 
      As of December 31, 2024, included an aggregate of up to 750,000 ordinary shares that were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 5). On February 12, 2025, the Company consummated its Initial Public Offering and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase additional units to cover the over-allotment; hence, the 750,000 ordinary shares were no longer subject to forfeiture. 

The accompanying notes are an integral part of the unaudited condensed financial statements.

       3

ARCHIMEDES TECH SPAC PARTNERS II CO.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

      For the Six Months  Ended June 30,    For the Period from June 7, 2024 (Inception) Through June 30,  
   2025    2024  
 Cash Flows from Operating Activities:         
 Net income (loss)  $3,517,801  $(42,700)
 Adjustments to reconcile net income (loss) to net cash used in operating activities:         
 General and administrative expenses paid by Sponsor in exchange for issuance of Founder Shares   —   3,880 
 Interest earned on cash held in Trust Account   (3,794,821)  — 
 General and administrative expenses paid by related parties   14,086   — 
 General and administrative expenses paid through promissory note – related party   51,600   15,420 
 Changes in operating assets and liabilities:         
 Prepaid expenses   (134,375)  — 
 Accrued expenses   49,960   23,400 
 Prepaid insurance   (53,646)  — 
 Net cash used in operating activities   (349,395)  — 
         
 Cash Flows from Investing Activities:         
 Investment of cash in Trust Account   (231,150,000)  — 
 Net cash used in investing activities   (231,150,000)  — 
         
 Cash Flows from Financing