Archimedes Tech SPAC Partners II FY26 Q2 net loss turns to $136.75 million
ATII•Forge Nano merger agreement advanced
The Forge Nano deal advanced with an April 20, 2026 merger agreement, including a USD 100 million subscription for 10,000,000 shares plus warrants for 15,000,000 shares.
Trust account interest income and balances
Interest income from the Trust Account slipped to USD 2.16 million from USD 2.49 million a year earlier.
Demand deposit held in the Trust Account rose to USD 244.16 million as of June 30, 2026, compared with USD 231.15 million placed at IPO closing.
Quarterly net loss swings to $136.75 million
Archimedes Tech SPAC Partners II posted a net loss of USD 136.75 million for the quarter ended June 30, 2026, swinging from net income of USD 2.36 million.
Loss reflected a USD 100 million PIPE subscription expense, plus a USD 37.94 million change in fair value of the PIPE subscription derivative liability.
