Archimedes Tech SPAC Partners II Co. Announces Closing of $230 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
12 Febbraio 2025 - 6:00PM
Archimedes Tech SPAC Partners II Co. (the “Company”) today
announced the closing of its initial public offering of 23,000,000
units, which includes 3,000,000 units issued pursuant to the full
exercise by the underwriters of their over-allotment option. The
offering was priced at $10.00 per unit, resulting in gross proceeds
of $230,000,000, before deducting underwriting discounts and
estimated offering expenses.
The Company’s units began trading on The Nasdaq
Global Market (“Nasdaq”) on February 11, 2025 under the ticker
symbol “ATIIU.” Each unit consists of one ordinary share and
one-half of one redeemable warrant. Each whole warrant will entitle
the holder thereof to purchase one ordinary share at $11.50 per
share. Once the securities comprising the units begin separate
trading, the ordinary shares and warrants are expected to be listed
on Nasdaq under the symbols “ATII” and “ATIIW,” respectively.
BTIG, LLC is acting as sole book-running manager
for the offering.
The offering was made only by means of a
prospectus, copies of which may be obtained from: BTIG, LLC, 65
East 55th Street, New York, New York 10022, or by email at
ProspectusDelivery@btig.comProspectusDelivery@btig.com. The
registration statements relating to the securities were declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on February 10, 2025.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Archimedes Tech SPAC Partners II Co.
Archimedes Tech SPAC Partners II Co. is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or other similar business
combination with one or more businesses. While the Company may
pursue a business combination target in any business, industry or
geographical location, the Company intends to focus its search for
businesses in the technology industry, and its focus will be on the
artificial intelligence, cloud services and automotive technology
sectors.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated use of the net proceeds of the offering and the
Company’s search for an initial business combination. No assurance
can be given that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and prospectus for the Company’s
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contacts
Long LongChief Executive OfficerArchimedes Tech SPAC Partners II
Co.(725) 312-2430
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