Archimedes Tech SPAC Partners II closes $230M IPO, deposits $231.15M in trust

Archimedes Tech SPAC Partners II Co.

Sold 23M units at $10/unit including full over-allotment; gross proceeds $230M.
Private placement of 840K units to sponsor and BTIG raised additional $8.4M.
Total trust deposits of $231.15M ($10.05 per public share) as of Feb 12, 2025.
Transaction costs total $13.18M; 21-month deadline to complete business combination.
Shareholders' deficit of $(6.01M) reflects offering costs and accumulated deficit.

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