Spartacus Acquisition II reports $0 revenue, $1.04M net loss in 10-K

Spartacus Acquisition II reported no operating revenues for the period and recorded a net loss of $1.04 million for Nov 4, 2025–Dec 31, 2025, driven primarily by general and administrative expenses and share-based compensation. The company had no operating income or gross profit as it remained inactive pending a business combination. Spartacus Acquisition II continues to hold IPO proceeds in trust while pursuing target opportunities in the technology, media and telecom sector.

Financial Highlights

• Revenue: $0 — no operating revenues for the period.
• Gross Profit: $0 — no operations or revenue recognized during the period.
• Operating Income: $0 — no operating activities; operating expenses were recorded.
• Net Income: $1.04 million net loss for the period Nov 4, 2025–Dec 31, 2025, driven by G&A and share-based compensation.
• Net Income Per Share: Not reported for the period.

Business Highlights

• Capital raise & trust funding: Completed an IPO and private placement, placing $230 million in trust to finance a target business combination.
• Business focus & timeline: Actively searching for targets in technology, media and telecommunications with a 24-month window to consummate a business combination (to Feb 12, 2028).
• Operational ramp-up: Began reimbursing the sponsor for administrative services and engaged advisors for capital markets and M&A support to pursue deals.
• Early-stage status: Activities limited to organization, IPO execution and due diligence preparations; no operating revenues or commercial operations yet.

Original SEC Filing: Spartacus Acquisition Corp. II [ TMTSU ] - 10-K - Mar. 27, 2026