Company: ATIIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025722
Chunk: 60

Company: Archimedes Tech SPAC Partners II Co.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This  may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

       8

   ARCHIMEDES TECH SPAC PARTNERS II CO. NOTES TO CONDENSED FINANCIAL STATEMENTS  JUNE 30, 2025 (UNAUDITED)

   Use of Estimates
    
   The preparation of the unaudited condensed financial 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