ARCHIMEDES TECH SPAC PARTNERS II CO C/WTS 15/10/2029 (TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD 0.06

EPS: As of FY2025 Q1, the actual value is USD 0.06.

The company has not commenced any operations and does not expect to generate operating revenues until after the completion of its initial Business Combination.

For the three months ended March 31, 2025, the company reported a net income of $1,159,223, primarily due to interest income of $1,305,884 earned on cash held in the Trust Account, offset by general and administrative expenses of $146,661.

Net cash used in operating activities for the three months ended March 31, 2025, was - $254,007.
Cash flows from investing activities resulted in - $231,150,000 due to the investment of cash in the Trust Account.
Cash flows from financing activities provided $233,267,180, primarily from the proceeds of the Initial Public Offering and Private Placement Units.

The company completed its Initial Public Offering on February 12, 2025, raising gross proceeds of $230,000,000 through the sale of 23,000,000 Units, including the full exercise of the underwriters’ over-allotment option.

Core Business Focus: The company intends to focus on business combinations within the technology industry, specifically targeting sectors such as artificial intelligence, cloud services, and automotive technology.
Non-Core Business: The company has not selected any Business Combination target and is in the process of identifying and evaluating potential target businesses.
The company has until 21 months from the closing of the IPO to complete a Business Combination, failing which it will redeem public shares and liquidate.

EPS: As of FY2025 Q1, the actual value is USD 0.06.

The company has not commenced any operations and does not expect to generate operating revenues until after the completion of its initial Business Combination.

For the three months ended March 31, 2025, the company reported a net income of $1,159,223, primarily due to interest income of $1,305,884 earned on cash held in the Trust Account, offset by general and administrative expenses of $146,661.

Net cash used in operating activities for the three months ended March 31, 2025, was - $254,007.
Cash flows from investing activities resulted in - $231,150,000 due to the investment of cash in the Trust Account.
Cash flows from financing activities provided $233,267,180, primarily from the proceeds of the Initial Public Offering and Private Placement Units.

The company completed its Initial Public Offering on February 12, 2025, raising gross proceeds of $230,000,000 through the sale of 23,000,000 Units, including the full exercise of the underwriters’ over-allotment option.

Core Business Focus: The company intends to focus on business combinations within the technology industry, specifically targeting sectors such as artificial intelligence, cloud services, and automotive technology.
Non-Core Business: The company has not selected any Business Combination target and is in the process of identifying and evaluating potential target businesses.
The company has until 21 months from the closing of the IPO to complete a Business Combination, failing which it will redeem public shares and liquidate.