ATII · Archimedes Tech SPAC Partners II Co. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company's assessment of going concern considerations in accordance with FASB ASC 2014-15, "Disclosures of Uncertainties about an Entity's Ability to Continue as a Going Concern," management has determined that the Company currently lacks the liquidity it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the unaudited condensed consolidated financial statements are issued as it expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, if the Company is unable to complete an initial business combination by November 12, 2026, then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation and subsequent dissolution and liquidity concerns raise substantial doubt about the Company's ability to continue as a going concern. Management plans to consummate an initial business combination prior to the mandatory liquidation date. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after November 12, 2026.”View the 10-Q filed Aug 13, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-02-12 | Archimedes Tech SPAC Sponsors II LLC |
10% Owner |
Buy↑
Filing footnotes — Ordinary shares (Direct)
Reflects the 530,000 private units owned by Archimedes Tech SPAC Sponsors II LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,300,000. |
Ordinary shares
|
530,000 |
| 2025-02-12 | Long Long |
Chief Financial Officer |
Buy↑
Filing footnotes — Warrants to purchase ordinary shares (Indirect)
Reflects the 530,000 private units owned by Archimedes Tech SPAC Sponsors II LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,300,000. Long Long is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Mr. Long disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of his pecuniary interest therein. The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. |
Warrants to purchase ordinary shares
(I)
|
265,000 |
| 2025-02-12 | Long Long |
Chief Financial Officer |
Buy↑
Filing footnotes — Ordinary shares (Indirect)
Reflects the 530,000 private units owned by Archimedes Tech SPAC Sponsors II LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,300,000. Long Long is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Mr. Long disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of his pecuniary interest therein. |
Ordinary shares
(I)
|
530,000 |
| 2025-02-12 | Archimedes Tech SPAC Sponsors II LLC |
10% Owner |
Buy↑
Filing footnotes — Warrants to purchase ordinary shares (Direct)
Reflects the 530,000 private units owned by Archimedes Tech SPAC Sponsors II LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,300,000. The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. |
Warrants to purchase ordinary shares
|
265,000 |