Archimedes Tech SPAC Partners II Co Unit(ATIIU) - 2025 Q4 - Annual Report

IPO and Financial Proceeds - The company completed its Initial Public Offering (IPO) on February 12, 2025, raising gross proceeds of $230 million from the sale of 23 million Units, including an over-allotment option of 3 million Units [90][101]. - A total of $231.15 million from the IPO and private placement was placed in a trust account for the benefit of public shareholders, with funds to be used for the initial business combination [92]. - The company incurred transaction costs of $13,175,520 related to the IPO, including $4.6 million in cash underwriting fees and $8.05 million in deferred underwriting fees [102]. Financial Performance - For the year ended December 31, 2025, the company reported a net income of $7,986,738, primarily from interest earned on cash held in the trust account [99]. - The company generated non-operating income from interest on demand deposits held in the trust account, with no operating revenues expected until after the initial business combination [98]. Trust Account and Cash Management - As of December 31, 2025, the company had cash held in the trust account amounting to $239,860,969, invested in U.S. government treasury obligations and money market funds [105]. - The company has no long-term debt or off-balance sheet arrangements as of December 31, 2025, and has a monthly fee obligation of $10,000 to the sponsor for administrative services [109][111]. Business Strategy and Future Plans - The company intends to focus its search for business combination targets in the technology industry, particularly in artificial intelligence, cloud services, and automotive technology sectors [89]. - The company has until November 12, 2026, to complete its initial business combination, after which it will cease operations and liquidate if not completed [108]. - The company plans to use funds held outside the trust account for identifying and evaluating target businesses and related due diligence activities [106]. Accounting and Risk Management - As of December 31, 2025, the company did not have any critical accounting estimates to disclose [113]. - The company adopted ASU 2020-06 on June 7, 2024, with no effect on the presented financial statements [114]. - The company adopted ASU 2023-07 on December 31, 2025, which requires additional disclosures on segment expenses and performance measures [115]. - As of December 31, 2025, the company was not subject to any market or interest rate risk, with investments in U.S. government treasury obligations [117].