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Spartacus Acquisition II (TMTS) 10-Q Filings

TMTS NASDAQ

Here are the 10-Q quarterly reports from Spartacus Acquisition Corp. II (TMTS) 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 TMTS 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 TMTS filings page.

Rhea-AI Summary

Spartacus Acquisition Corp. II, a Cayman Islands SPAC focused on TMT targets, reported its first post-IPO quarter for the period ended June 30, 2026. An IPO on February 12, 2026 raised $230,000,000 from 23,000,000 units, plus $4,125,000 from 4,125,000 Private Placement Warrants. After costs, $230,000,000 was placed in a Trust Account, which totaled $232,797,250 including interest as of June 30, 2026, while cash held outside the trust was $1,124,088.

For the three and six months ended June 30, 2026, net income was $1,928,284 and $2,828,130, driven by interest earned on trust investments of $2,044,563 and $3,097,250, respectively, offset by general and administrative fees of $116,279 and $269,120. The company has 23,000,000 Class A ordinary shares subject to possible redemption recorded at $232,797,250 and a shareholders’ deficit of $1,144,328. Management reports working capital of $1,117,539 and believes available cash plus permitted trust withdrawals are sufficient for at least one year while it seeks a business combination by February 12, 2028.

Rhea-AI Summary

Spartacus Acquisition Corp. II, a Cayman Islands SPAC, reported its first quarter as a public company for the period ended March 31, 2026. The company completed its Initial Public Offering on February 12, 2026, selling 23,000,000 units at $10.00 per unit for gross proceeds of $230,000,000, and a simultaneous private sale of 4,125,000 Private Placement Warrants for $4,125,000.

Following the IPO, $230,000,000 of proceeds and related interest were placed in a Trust Account, which held investments valued at $231,052,687 as of March 31, 2026, largely in U.S. Treasury instruments. Class A ordinary shares subject to possible redemption were carried at $230,752,687, consistent with SPAC accounting rules.

For the quarter, the SPAC generated net income of $899,846, driven by $1,052,687 of interest income on Trust Account investments, offset by $152,841 of general and administrative expenses. Cash held outside the Trust Account was $954,131, providing working capital of $918,194 to fund search and transaction costs.

The structure includes 7,666,667 Class B founder shares and 11,791,667 warrants (7,666,667 public and 4,125,000 private), each exercisable at $11.50 per Class A share after a business combination. Spartacus has until February 12, 2028, subject to shareholder-approved changes, to complete an initial business combination focused on the telecommunications, media and technology sector, or else redeem public shares and liquidate.