ARTIUS II ACQUISITION INC. FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2025
ARTIUS II ACQUISITION INC. FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2025
Artius II Acquisition Inc. (the “Company”) filed its Form 10-Q for the quarter ended June 30, 2025, reporting a net loss of $1.2 million for the three months ended June 30, 2025, compared to a net loss of $1.1 million for the same period in 2024. The Company’s total assets decreased to $24.4 million as of June 30, 2025, from $26.3 million as of December 31, 2024. The Company’s cash and cash equivalents decreased to $14.4 million as of June 30, 2025, from $16.3 million as of December 31, 2024. The Company’s condensed balance sheet as of June 30, 2025, shows total liabilities of $1.4 million and total shareholders’ deficit of $23.0 million. The Company’s management’s discussion and analysis of financial condition and results of operations highlights the Company’s focus on identifying and acquiring a target business, and the Company’s ability to generate cash from its operations.
Overview of Artius II Acquisition Inc.’s Financial Report
Artius II Acquisition Inc. is a special purpose acquisition company (SPAC) that was formed in 2025 to identify and acquire a target business. The key points from the company’s financial report for the period ending June 30, 2025 are as follows:
Financial Performance
- The company had total assets of $223,640,426 as of June 30, 2025, consisting primarily of $223,400,035 held in a trust account and $240,391 in cash and cash equivalents.
- The company reported net income of $3,038,959 for the six-month period ended June 30, 2025, which was primarily driven by $3,400,035 in interest earned on the trust account assets.
- The company incurred $361,072 in general and administrative costs and paid a $6,000,000 advisory fee during the six-month period.
Rights and Warrants
- The company issued public rights and contingent rights as part of its initial public offering. These rights will automatically convert into Class A ordinary shares upon completion of a business combination.
- The public rights were valued at $0.145 per right and the contingent rights were valued at $0.073 per right as of the initial valuation date of February 14, 2025.
- The rights are classified within shareholders’ deficit and will not require remeasurement after issuance.
Segment Information
- The company has identified only one reportable segment, as the Chief Financial Officer reviews the company’s financial information as a whole to make decisions about resource allocation and assessing performance.
- The key metrics reviewed by the Chief Financial Officer include the balance of the trust account, cash and cash equivalents, general and administrative costs, advisory fees, and interest earned on the trust account assets.
Outlook
- The company is focused on identifying and completing a business combination within the required “Completion Window” timeframe.
- The company will need to carefully manage its cash and general and administrative costs to ensure it has sufficient resources to complete a transaction.
- The performance of the trust account investments will be a key factor in the company’s ability to generate returns for shareholders.
Overall, Artius II Acquisition Inc. appears to be in a strong financial position as it seeks to identify and acquire a target business. The company’s focus on prudent cash management and generating returns on its trust account assets will be critical to its success going forward.