Archimedes Tech SPAC Partners II Co. announced that holders of its initial public offering units can separate the ordinary shares and warrants starting April 3, 2025. The ordinary shares and warrants will trade on Nasdaq under symbols "ATII" and "ATIIW," respectively. Units not separated will continue to trade under symbol "ATIIU." The offering was made through a prospectus, and a registration statement was filed with the SEC on February 10, 2025.
Archimedes Tech SPAC Partners II Co. (Nasdaq: ATIIU) has announced that holders of its initial public offering (IPO) units may elect to separately trade the ordinary shares and warrants starting April 3, 2025. The ordinary shares and warrants will be traded on the Nasdaq Global Market under the symbols "ATII" and "ATIIW," respectively. Units that are not separated will continue to trade under the symbol "ATIIU."
The company's IPO, priced at $10.00 per unit, was completed on February 12, 2025, and included 20,000,000 units. Each unit consists of one ordinary share and one-half of one redeemable warrant, which entitles the holder to purchase one ordinary share at $11.50 per share.
To facilitate the separation of units, holders are instructed to contact Odyssey Transfer and Trust Company, the company's transfer agent. The separation process will not result in the issuance of fractional warrants, and only whole warrants will trade.
The offering was made through a prospectus, and a registration statement was filed with the Securities and Exchange Commission (SEC) on February 10, 2025. The registration statement, which can be accessed through the SEC's website, provides detailed information about the offering, including the terms and conditions under which the units were sold.
Archimedes Tech SPAC Partners II Co. is a blank check company, also known as a special purpose acquisition company (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. The company intends to focus its search for businesses in the technology industry, with a particular emphasis on the artificial intelligence, cloud services, and automotive technology sectors.
Investors are advised to review the company's registration statement and prospectus for a comprehensive understanding of the offering and the risks associated with investing in SPACs.
Comments
No comments yet