Here are the 10-Q quarterly reports from Archimedes Tech SPAC Partners II Co. Warrant (ATIIW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ATIIW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ATIIW filings page.
Archimedes Tech SPAC Partners II Co. reported a net loss of $136.8 million for the quarter and $135.0 million for the six months ended June 30, 2026, driven primarily by a $100.0 million PIPE subscription expense and a $37.9 million increase in the related derivative liability. Cash outside the trust was $414,970, with a working capital deficit of $138.0 million, while $244.2 million remained in the Trust Account for redemptions and the proposed business combination.
The company signed a Merger Agreement with Forge Nano, Inc. valuing Closing Payment Shares off a $1.2 billion reference amount, plus up to 90,000,000 earn-out shares over five years, and structured a $100.0 million PIPE Subscription (10,000,000 Pubco shares and 15,000,000 warrants) plus an additional $23.0 million PIPE Financing. Management disclosed that limited liquidity and the need to complete a business combination by November 12, 2026 raise substantial doubt about the company’s ability to continue as a going concern.
Archimedes Tech SPAC Partners II Co. reported first‑quarter 2026 net income of $1,704,803, driven almost entirely by interest on its Trust Account while it remains pre‑revenue. General and administrative expenses were $448,673, reflecting costs to operate and pursue a transaction.
Total assets were $243,221,691 as of March 31, 2026, including $242,002,931 held in a Trust Account for 23,000,000 redeemable public shares. Outside the trust, cash was $1,077,839 to fund deal‑related and operating expenses.
The company entered a Merger Agreement on April 20, 2026 to combine with Forge Nano, Inc. via a multi‑step re‑domiciliation and merger structure. Forge Nano equity holders are slated to receive “Closing Payment Shares” based on a $1,200,000,000 valuation, plus up to 90,000,000 earn‑out shares tied to post‑closing milestones.
A concurrent subscription agreement provides for a $100,000,000 PIPE into the future Pubco at closing. Management discloses substantial doubt about the ability to continue as a going concern if no business combination is completed by November 12, 2026, when the SPAC must liquidate and return trust funds to public shareholders.