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Archimedes Tech SPAC Partners II has successfully completed its initial public offering (IPO), raising $230 million in gross proceeds through the sale of 23 million units at $10.00 per unit. The offering included a fully exercised over-allotment option of 3 million units.
The units, trading under symbol ATIIU on Nasdaq, consist of one ordinary share and one-half redeemable warrant. Each whole warrant allows holders to purchase one ordinary share at $11.50. The ordinary shares and warrants will eventually trade separately under symbols ATII and ATIIW respectively. BTIG, served as the sole book-running manager for the IPO.
Archimedes Tech SPAC Partners II Co. has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units at $10.00 per unit. Each unit includes one ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share.
The units will trade on Nasdaq under 'ATIIU' starting February 11, 2025, while the ordinary shares and warrants will later trade separately under 'ATII' and 'ATIIW' respectively. BTIG, is the sole book-running manager and has a 45-day option to purchase up to 3,000,000 additional units for over-allotments. The offering is expected to close on February 12, 2025.
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