Based on the provided financial report article, the title of the article is likely: "10-K: At the Intersection Inc. (0002028516) (0001437749-26-006780atii20251231_10k.htm)" This title indicates that the article is a 10-K filing, which is an annual report filed by publicly traded companies with the Securities and Exchange Commission (SEC), and it is related to At the Intersection Inc. (0002028516) and its subsidiary, At the Intersection Inc. (0001437749-26-006780atii20251231_10k.htm).
The report is for a special purpose acquisition company with no business operations, which has been identifying and evaluating suitable acquisition transaction candidates since its IPO. The company has not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk, as it does not consider itself to be at significant risk. The company has not encountered any cybersecurity incidents since its IPO. The report includes financial information for the fiscal year ended December 31, 2025, including cash and cash equivalents, accounts payable, and loans payable. The company also reported on its warrants, including public warrants and private placement warrants, as well as its redeemable and non-redeemable ordinary shares. The report also includes information on the company’s initial public offering and private placement, as well as its loans payable and other offering costs.
Financial Overview
Overview Athena Technology Acquisition Corp. II (ATII) is a blank check company formed in 2024 for the purpose of completing a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses. The company is focused on identifying targets in the technology industry, particularly in the artificial intelligence, cloud services and automotive technology sectors.
Initial Public Offering On February 12, 2025, ATII completed its initial public offering (IPO) of 23,000,000 units, including the exercise of the underwriters’ option to purchase an additional 3,000,000 units, at a price of $10.00 per unit. Each unit consists of one ordinary share and one-half of one redeemable warrant. Simultaneously, the company completed a private placement of 840,000 private placement units to the sponsor and BTIG at $10.00 per unit, generating total proceeds of $8,400,000.
The net proceeds from the IPO and private placement, totaling $231,150,000, were placed in a trust account to be used for the company’s initial business combination. The funds in the trust account will be invested in U.S. government treasury obligations or money market funds.
Financial Performance For the year ended December 31, 2025, ATII reported net income of $7,986,738. This consisted of $8,710,969 in interest earned on the cash held in the trust account and $61,744 in interest earned on cash in the bank account, offset by $785,975 in general and administrative expenses.
In the prior period from June 7, 2024 (inception) through December 31, 2024, the company reported a net loss of $78,700, which was entirely due to general and administrative expenses.
Outlook ATII has up to 21 months from the closing of the IPO to complete an initial business combination. The company is focused on identifying a target in the technology industry, particularly in artificial intelligence, cloud services and automotive technology. If ATII is unable to complete a business combination within the 21-month timeframe, it will be required to redeem the public shares and liquidate.
The company’s ability to complete a successful business combination and generate future revenues and profits will depend on its ability to identify an appropriate target and negotiate favorable terms. ATII faces competition from other blank check companies seeking similar acquisition opportunities, which could make it more difficult to find a suitable target.
