ATIIUHIGH SIGNALFINANCIAL10-K

ATIIU completed its IPO and raised $231.2M in proceeds, transitioning from pre-IPO development stage to an active SPAC with 21 months to complete a business combination.

This represents the successful completion of ATIIU's initial public offering, marking a major milestone for this special purpose acquisition company. The company now has substantial capital ($231.2M in trust) and a defined timeline of 21 months to identify and complete an acquisition, with clear redemption rights for public shareholders if unsuccessful.

Comparing 2026-03-04 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

The financial statements reflect a dramatic transformation from a pre-revenue development-stage company to a well-capitalized SPAC, with total assets surging from $430K to $241.3M primarily due to the IPO proceeds held in trust. Net income swung positive to $8.0M likely from investment income on the trust assets, while operating losses widened to $786K reflecting increased operational expenses post-IPO. The increase in total liabilities to $8.2M and negative stockholders' equity of $6.7M appears consistent with SPAC accounting treatment where public shareholders' redemption rights are classified as temporary equity or liabilities.

FINANCIAL STATEMENT CHANGES
Total Assets
Balance Sheet
+56067.1%
$430K→$241.3M

Asset base grew 56067.1% — expansion through organic growth, acquisitions, or capital deployment.

Stockholders Equity
Balance Sheet
-12383.1%
-$54K→-$6.7M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Net Income
P&L
+10248.3%
-$79K→$8.0M

Net income grew 10248.3% — bottom-line growth signals improving overall business health.

Total Liabilities
Balance Sheet
+1593.8%
$483K→$8.2M

Liabilities grew 1593.8% — significant increase in debt or obligations, assess impact on financial flexibility.

Operating Income
P&L
-898.7%
-$79K→-$786K

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Current Liabilities
Balance Sheet
-71.6%
$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.
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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.
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