Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 21

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of other income and expenses during the reporting period.
    
   Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
    
   Cash and Cash Equivalents
    
   The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $1,764,859 and $0 in cash as of  June 30, 2025 and  December 31, 2024, respectively, and no cash equivalents as of such dates.
    
   Cash Held in Trust Account
    
   As of  June 30, 2025, the assets held in the Trust Account, amounting to $234,944,821, were held in demand deposit. As of  December 31, 2024, there were no funds deposited in the Trust Account.
    
   Concentration of Credit Risk
    
   Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution, which, at times  may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.
    
   Offering Costs
    
   The Company complies with the requirements of the ASC 340-10-S99 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — “Expenses of Offering”. Offering costs consist principally of professional and registration fees that are related to the Initial Public Offering. FASB ASC 470-20, “Debt with Conversion and Other Options”, addresses the allocation of proceeds from the issuance of convertible debt into its equity and debt components. The Company applies this guidance to allocate Initial Public Offering proceeds from the Units between ordinary shares and warrants, using the residual method by allocating Initial Public Offering proceeds first to assigned value of the warrants and then