Archimedes Tech Spac Partners II(NASDAQ) ATII

Archimedes Tech SPAC Partners II Co. helps companies go public. It merges with businesses in the technology sector. The company identifies targets like artificial intelligence firms.

How Does Archimedes Work?

• Business Combination Search: Identifies and negotiates mergers with private enterprises in the technology sector.
• Capital Trust Account: Holds proceeds from its initial public offering to fund future acquisitions.
• Public Listing Platform: Provides a pathway for private companies to become publicly traded without a traditional IPO.

Strategic Steps Toward a Merger

• Entered into a merger agreement with Forge Nano, Inc. on April 20, 2026.
• Formed three Delaware subsidiaries in December 2025 to facilitate the upcoming business combination.
• Completed an initial public offering on Feb. 12, 2025, to generate $230 million in gross proceeds.
• Secured a $100 million subscription agreement with an investor to support the pending merger.

Focus on High-Growth Tech

Archimedes focuses specifically on high-growth technology niches like artificial intelligence and cloud services. It maintains a trust account for shareholders that limits how funds can be used before a deal closes.

Financials at a Glance

• Market capitalization was $247.9 million in Q2 2026, down 18.1% year over year.
• Net loss was $136.8 million for the three-month period ended June 30, 2026.
• Trust account held $244.2 million in demand deposits as of June 30, 2026.
• Cash used in operating activities was $871,557 for the six-month period ended June 30, 2026.
• Gross proceeds from the initial public offering totaled $230 million on Feb. 12, 2025.

Bottom Line

Archimedes has evolved from a blank check shell into a company with a pending merger. The firm aims to close its deal with Forge Nano by Nov. 12, 2026.