ATIILOW SIGNALOPERATIONAL10-K
ATII updated its 10-K filing to reflect current operational status as a SPAC with $231.2 million in trust and 21 months to complete an initial business combination.
The language changes primarily reflect routine updates to share counts, trust account balances, and timeline specifications for this special purpose acquisition company. The modifications appear to be standard administrative updates rather than material operational changes that would significantly impact the investment thesis.
Comparing 2026-03-04 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS
The balance sheet shows a meaningful reduction in current liabilities from $483K to $138K, representing normal fluctuations in operating expenses for a SPAC entity. With substantial funds held in trust and minimal operational complexity, the financial position remains stable and consistent with the company's pre-merger phase operations.
FINANCIAL STATEMENT CHANGES
Current Liabilities
Balance Sheet
$483K→$138K
Current liabilities reduced — improved short-term financial position and working capital health.
LANGUAGE CHANGES
NEW — 2026-03-04
PRIOR — 2025-03-31
ADDED
atii20251231_10k.htm FY 2025 --12-31 false 0002028516 1 5 0 0 0 0 0 0 0 6 1 0.5 1 1 0.5 1 0 0 0 10 1 0.5 1 1 0.5 1 750,000 3,000,000 0 0 0 0 0 0 false false false false We are a special purpose acquisition company with no business operations.
As of March 2, 2026, the registrant had 29,590,000 ordinary shares outstanding (inclusive of shares included in outstanding units).
Following the closing of the IPO, a total of $231,150,000 of the net proceeds from the sale of Units in the IPO (including the over-allotment option Units) and the private placement of the Private Placement Units, were placed in a trust account established for the benefit of the Company s public shareholders (the trust account ) with Odyssey Transfer and Trust Company acting as trustee.
We will have up to 21 months from the closing of the IPO to consummate an initial business combination.
We will provide our public shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of the initial business combination, including interest (net of funds withdrawn to pay our taxes), divided by the number of then issued and outstanding public shares, subject to certain limitations.
Effecting Our Initial Business Combination We have neither engaged in any operations nor generated any revenues to date.
Our only activities from inception through December 31, 2025 were organizational activities, those necessary to prepare for the IPO, and, following the IPO, identifying a target company for an initial business combination.
Deep network and connections to company founders : Our team has many connections to company founders and business leaders across sectors within the technology industry.
Initial Business Combination We will have up to 21 months from the closing of the IPO to consummate an initial business combination.
We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, directors or officers.
REMOVED
atii20241231_10k.htm 0002028516 Archimedes Tech SPAC Partners II Co.
false --12-31 FY 2024 false false false false false false 0.0001 1,000,000 0 0 0.0001 400,000,000 5,750,000 5,750,000 0.5 0.5 10 0 0 0.5 0.5 6 0 5,750,000 5 60 0.5 Excluded an aggregate of up to 750,000 ordinary shares that were subject to surrender and forfeiture depending on the extent to which the underwriters over-allotment option was exercised (see Note 5).
Included an aggregate of up to 750,000 ordinary shares that were subject to surrender and forfeiture depending on the extent to which the underwriters over-allotment option was exercised (see Note 5).
As of March 28, 2025, the registrant had 29,590,000 ordinary shares outstanding (inclusive of shares included in outstanding units).
We will have up to 21 months to consummate an initial business combination from the closing of the IPO.
If we are unable to consummate an initial business combination within such time period, we will redeem 100% of the issued and outstanding public shares for a pro rata portion of the funds held in the trust account, equal to the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account and not previously released to us, divided by the number of then issued and outstanding public shares, subject to applicable law, and then seek to liquidate and subsequently dissolve.
As of February 12, 2025, a total of $ 231,150,000 of the net proceeds from the sale of Units in the IPO (including the over-allotment option Units) and the private placement of the Private Placement Units, were placed in a trust account established for the benefit of the Company s public shareholders (the trust account ) with Odyssey Transfer and Trust Company acting as trustee.
We intend to effectuate our initial business combination using cash from the proceeds of the IPO and the private placement of the Private Placement Units, the proceeds of the sale of our shares in connection with our initial business combination, shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.
Experience identifying strong management teams : With key members of our team having had significant senior executive roles at technology companies, we believe we have an ability to identify the characteristics of successful business leaders, and effective in engaging with these management teams.
Competition We expect to encounter intense competition from other entities having a business objective similar to ours, including private investors (which may be individuals or investment partnerships), other blank check companies and other entities, domestic and international, competing for the types of businesses we intend to acquire.
MORE OPERATIONAL SIGNALS
ANALYZE ANY FILING FREE
See what changed in your portfolio's filings
500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.
Try Tracenotes free →