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Archimedes Tech SPAC Partners II Co.

CIK: 20285161 Annual ReportsLatest: 2025-03-31

10-K / March 31, 2025

Company Summary: Archimedes Tech SPAC Partners II Co.

  • Type of Company: Blank check company incorporated in the Cayman Islands, classified as a shell company with no operations or revenues to date.
  • Purpose: Established to effectuate a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses, primarily in the technology sector.
  • Target Industry Focus:
    • Artificial Intelligence
    • Cloud Services
    • Automotive Technology
    • Initially targeting opportunities in the United States but open to international opportunities.
  • Operational Status: No operational activities or revenue generated as of December 31, 2024.
  • Employees: No full-time employees prior to completing a business combination; management team consists of officers and directors who are not obligated to devote specific hours.
  • Customer Base: None (no operations conducted yet).
  • Financials as of December 31, 2024:
    • Assets: $429,691 in deferred offering costs; no cash on hand.
    • Liabilities: $483,391 total, including accrued expenses ($23,000), accrued offering costs ($268,358), and related-party promissory note ($192,033).
    • Shareholders’ Equity:
      • 5,750,000 ordinary shares issued (initially subject to surrender depending on over-allotment exercise).
      • No revenue.
      • Net loss of $78,700 from inception through December 31, 2024.
  • Financial Activities:
    • Completed an initial public offering (IPO) on February 12, 2025, raising gross proceeds of approximately $230 million via 23 million units (including full exercise of over-allotment option).
    • Private placement of 840,000 units to sponsor and underwriters, raising approximately $8.4 million.
    • Funds are held in a trust account invested primarily in U.S. government treasury obligations or money market funds.
  • Business Strategy:
    • Identify and complete mergers with technology companies that have high growth potential, sustainable advantages, and experienced management teams.
    • Leverage operational expertise, industry networks, and previous SPAC experience.
    • Focus on companies with potential benefits from being a public company, such as broader access to capital.
    • Has a 21-month window from IPO to complete a business combination.
  • Operations & Management:
    • Management team includes experienced executives with backgrounds in AI, cloud computing, finance, and investment.
    • No full-time employees, reliance on management and advisors.
    • Core advisory team with experts in technology, AI, and financial sectors.

Note: As of the date of this report, the company has not yet completed any business operations, generated revenue, or served any customers. All financial activity relates to organization, fundraising, and preparing for a future acquisition.