Company: ATIIU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033858
Chunk: 22

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 22
---
 CO.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(UNAUDITED)

Net Income (Loss) per Ordinary Share

The Company complies with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable ordinary shares is excluded from earnings per share as the redemption value approximates fair value.

The calculation of diluted net income (loss) per share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement, since the exercise of the warrants are contingent upon the occurrence of future events. As of September 30, 2025, the warrants are exercisable to purchase 11,920,000 ordinary shares. The weighted average of these shares was excluded from the calculation of diluted net income (loss) per ordinary share since the inclusion of such warrants would be anti-dilutive. The warrants cannot be converted to ordinary shares prior to an initial Business Combination; therefore, they have been classified as anti-dilutive.

			For the Three Months

			Ended September 30,

			For the Nine Months Ended

			September 30,

			For the Period from June 7,

			2024 (Inception) Through

			September 30,

			2025

			2024

			2025

			2024

			Redeemable

			Non-

			Redeemable

			Redeemable

			Non-

			Redeemable

			Redeemable

			Non-

			Redeemable

			Redeemable

			Non-

			Redeemable

			Basic net income (loss) per share:

			Numerator:

			Allocation of net income (loss)

			$
			1,868,450

			$
			535,351

			$
			—

			$
			(13,000
			)
			 
			$
			4,461,845

			$
			1,459,757

			$
			—

			$
			(55,700
			)