Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 65

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 Simulation term (years)   6.5 
 Risk-free rate (continuous)   4.49%
 Selected volatility   3.0%
 Calculated value per warrant  $0.15 
 Probability of de-SPAC and market adjustment   11.0%

   Ordinary Shares Subject to Possible Redemption
    
   The public shares contain a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies public shares subject to possible redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of  June 30, 2025, the ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheets. As of  June 30, 2025, 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   19,728,147 
 Ordinary shares subject to possible redemption, June 30, 2025  $234,944,821 

   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  JUNE 30, 2025 (UNAUDITED)

   NOTE 3 — INITIAL PUBLIC OFFERING
    
   Pursuant to