Archimedes Tech SPAC Partners II net income rises to $1.7 million in Q1 FY26
Archimedes Tech SPAC Partners II Corporation ATII | 0.00 |
- Archimedes Tech SPAC Partners II posted net income of $1.7 million for quarter ended March 31, 2026, up from $1.16 million a year earlier.
- Interest income from cash held in trust rose to $2.14 million, while general and administrative expenses climbed to $488,673.
- Cash held in Trust Account totaled $242 million, with $1.08 million held outside the Trust Account.
- Company entered a merger agreement on April 20, 2026 to combine with Forge Nano, valuing Closing Payment Shares at $1.2 billion, alongside a $100 million subscription for 10,000,000 shares and warrants to buy 15,000,000 shares at $10.
- Management flagged mandatory liquidation if no business combination is completed by Nov. 12, 2026, which it said raises substantial doubt about ability to continue as a going concern.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Archimedes Tech SPAC Partners II Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-017077), on May 14, 2026, and is solely responsible for the information contained therein.
