Logo

ATII

Archimedes Tech SPAC Partners II Co. Ordinary Shares

ATII

Archimedes Tech SPAC Partners II Co. Ordinary Shares • NASDAQ
$10.40 ▲ 0.10% (+0.01)
Market Cap $307.74 M
52w High $10.49
52w Low $9.96
Dividend Yield 0%
P/E 0
Volume 576
Outstanding Shares 29.59M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $159.842K ▲ $2.404M ▲ 0% $0.08 $2.404M ▲
Q2-2025 $0 $130.358K ▼ $2.359M ▲ 0% $0.08 ▲ $-130.359K ▲
Q1-2025 $0 $146.661K ▲ $1.159M ▲ 0% $0.065 ▲ $-146.661K ▼
Q4-2024 $0 $23 ▼ $-23 ▲ 0% $-0.005 ▼ $0 ▲
Q3-2024 $0 $13K $-55.7 0% $-0.002 $-55.7

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.409M ▼ $239.271M ▲ $8.179M ▼ $-6.399M ▼
Q2-2025 $1.765M ▼ $236.898M ▲ $8.209M ▼ $228.689M ▲
Q1-2025 $1.863M ▲ $234.552M ▲ $8.222M ▲ $226.33M ▲
Q4-2024 $0 $429.691K ▲ $483.391K ▲ $-53.7K ▼
Q3-2024 $0 $337.312K $368.012K $-30.7K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.404M ▲ $-344.583K ▼ $231.15M ▲ $-11.16K ▼ $-355.743K ▼ $-344.58K ▼
Q2-2025 $2.359M ▲ $-95.388K ▲ $0 ▲ $-2.926K ▼ $-98.314K ▼ $-95.388K ▲
Q1-2025 $1.159M ▲ $-254.007K ▼ $-231.15M ▼ $233.267M ▲ $1.863M ▲ $-254.007K ▼
Q4-2024 $-23 ▲ $0 $0 $0 $0 $0
Q3-2024 $-55.7K $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement ATII is a SPAC, so its income statement is not that of an operating business. It does not generate meaningful revenue and mainly has small ongoing costs related to being a public company and searching for a deal, which can show up as a slight accounting loss per share. There is no real sales, margin, or profit trend to analyze yet; financial performance will only become meaningful after a merger target is announced and combined financials are available.

Balance Sheet

Balance Sheet The reported balance sheet figures here are placeholders rather than a detailed snapshot, but structurally, ATII is best understood as a pool of cash raised from investors, held mainly in a trust account, with relatively simple liabilities. There is typically little or no operating debt and no tangible operating assets like factories or equipment. The real economic substance sits in the cash in trust and the equity structure, including sponsor shares and warrants, which will determine how ownership is split once a transaction occurs.

Cash Flow

Cash Flow ATII’s cash flows are minimal and mostly relate to administrative and deal-search expenses. There is no cash coming from customers or operations, and no real investment in physical assets, because the company does not yet run a business. Most of the IPO proceeds are usually parked in low-risk instruments until a merger is completed or the SPAC is wound down. The important cash-flow events in the future will be: funding the merger, any shareholder redemptions, and the target company’s cash flows once combined.

Competitive Edge

Competitive Edge ATII’s competitive position today is about its ability to source and close an attractive tech-focused merger, not about products or market share. It operates in a crowded field of SPACs, private equity funds, and strategic buyers all chasing technology, AI, cloud, and automotive-tech targets. Its potential strength comes from the sponsor team’s experience and prior deal with SoundHound AI, which may help them access quality targets and negotiate better terms. However, it still competes with many other capital providers, and the value created will depend heavily on the target selected and the price paid.

Innovation and R&D

Innovation and R&D ATII does not have its own products, technologies, or research pipeline. As a blank-check company, it is essentially a financial shell waiting to merge with a private business. Any future innovation, intellectual property, or R&D intensity will belong to the company it acquires. The sponsors have a history and interest in applied AI and technology, which suggests they may prioritize a target with strong technology and defensible IP, but nothing is fixed until a specific deal is announced. For now, it is too early to evaluate innovation or moat—those will be determined entirely by the chosen merger partner.

Summary

ATII is a newly listed SPAC: a pool of capital looking for a technology-focused acquisition rather than an operating business with its own revenue, products, or R&D. Current financial statements mainly reflect structure and costs, not business performance. The real story will start once a merger is announced, revealing the target’s industry, growth profile, competitive advantages, and financial health. Key uncertainties include whether they can find a high-quality tech or AI-related company at a reasonable valuation, the level of investor redemptions around the deal, and potential dilution from sponsor incentives and warrants. The main opportunity is early access to a private technology company that might not otherwise be public, but until a specific transaction is disclosed, analysis remains largely about the sponsor team’s track record and stated focus, not about ATII as an operating enterprise.