Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 68

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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encing on the effective date,  February 10, 2025, the Company agreed to reimburse the Sponsor in an amount equal to $10,000 per month for office space, administrative and support services. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. For the three and six months ended  June 30, 2025, the Company incurred $30,000 and $46,786 in fees for these services, respectively, $20,000 of which remains unpaid and included in accrued expenses line in the accompanying condensed balance sheets. For the period from  June 7, 2024 (inception) through  June 30, 2024, the Company did not incur any fees for these services.
    
   Working Capital Loans
    
   In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors  may, but are not obligated to, loan the Company funds as  may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company  may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans  may be convertible into units of the post-Business Combination entity at a price of $10.00 per unit. The units would be identical to the Private Placement Units. As of  June 30, 2025 and  December 31, 2024, no Working Capital Loans were outstanding.

   NOTE 6 — COMMITMENTS AND CONTINGENCIES
    
   Risks and Uncertainties
    
   The Company’s ability to complete an initial Business Combination  may be adversely affected by various factors, many of which are beyond the