Archimedes Tech SPAC Partners II Co. Announces Pricing of $200 Million Initial Public Offering
11 February 2025 - 11:13AM
Archimedes Tech SPAC Partners II Co. (the “Company”), a newly
organized special purpose acquisition company formed as a Cayman
Islands exempted company and led by Chairman Eric R. Ball and CEO
Long Long, today announced the pricing of its initial public
offering of 20,000,000 units at an offering price of $10.00 per
unit, with each unit consisting 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.
The units are expected to trade on The Nasdaq Global Market
(“Nasdaq”) under the ticker symbol “ATIIU” beginning February 11,
2025. No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. Once the securities
comprising the units begin separate trading, the ordinary shares
and the warrants are expected to be traded on Nasdaq under the
symbols “ATII” and “ATIIW,” respectively.
BTIG, LLC is acting as sole book-running manager
for the offering.
The Company has granted the underwriter a 45-day
option to purchase up to an additional 3,000,000 units at the
initial public offering price to cover over-allotments, if any. The
offering is expected to close on February 12, 2025, subject to
customary closing conditions.
A registration statement relating to the
securities sold in the initial public offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on February 10, 2025. The offering is being made only by
means of a prospectus. When available, copies of the prospectus may
be obtained from: BTIG, LLC, 65 East 55th Street, New York, New
York 10022, or by email at ProspectusDelivery@btig.com, or by
accessing the SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell or a 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 Company’s initial public offering (“IPO”) and search for an
initial business combination. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or 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 preliminary prospectus for the
IPO 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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