Company: ATIIU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033858
Chunk: 40

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 the sponsor and loans from the sponsor, which were repaid simultaneously with the closing of the Initial Public Offering.

On February 12, 2025, we consummated the Initial Public Offering of 23,000,000 Units, which included the full exercise by the underwriters of their over-allotment option in the amount of 3,000,000 Units, at $10.00 per Unit, generating gross proceeds of $230,000,000. Each Unit consists of one ordinary share and one-half of one Public Warrant, each whole Public Warrant entitling the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share, subject to adjustment. Simultaneously with the closing of the Initial Public Offering, we 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.

Following closing of the Initial Public Offering and the sale of the Private Placement Units, a total of $231,150,000 was placed in the trust account. We incurred $13,175,520 in transaction costs, consisting of $4,600,000 of cash underwriting fee, $8,050,000 of deferred underwriting fee and $525,520 of other offering costs.

For the nine months ended September 30, 2025, cash used in operating activities was $693,978. Net income of $5,921,602 was reduced by the interest earned on cash held in the trust account of $6,341,299, and increased by the general and administrative expenses paid through promissory note – related party of $51,600 and general and administrative expenses paid by related parties of $15,363 . Changes in operating assets and liabilities used $341,244 of cash for operating activities.

For the period from June 7, 2024 (inception) through September 30, 2024, cash used in operating activities was $0. Net loss of $55,700 was increased by the general and administrative expenses paid by the sponsor in exchange for issuance of Founder Shares of $3,880, and increased by the general and administrative expenses paid through promissory note – related party of $38,820 . Changes in operating assets and liabilities provided $13,000 of cash for operating activities.

As of September 30, 2025, we had cash held