Latest revenue
$8.7M
as of 2025-12-31
Latest net income
$24.6M
as of 2025-12-31
Net margin
282.9%
as of 2025-12-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Blank Checks (432 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think ATII is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $325.6M
- Enterprise value
- $324.6M
- P/E (trailing)
- 13.2×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $11.40
- 52-wk low
- $10.12
- Beta
- —
- Shares out
- 29.6M
5-year trend
What this company does
ITEM 1. BUSINESS. Introduction We are a blank check company incorporated in the Cayman Islands as an exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash. In June 2024, we issued to the sponsor an aggregate of 5,750,000 ordinary…
AI summary unavailable — showing raw filing excerpt
Generated from ATII's filing dated 2026-03-04
Key risks
ITEM 1A. RISK FACTORS. As a smaller reporting company, we are not required to make disclosures under this Item.
AI summary unavailable — showing raw filing excerpt
Generated from ATII's filing dated 2026-03-04
Profitability
Operating margin
-9.0%
Net margin
282.9%
Return on equity
-45892.5%
Return on assets
10.2%
Leverage
Debt / equity
-4495.32×
49838.6%Debt / assets
100.0%
11.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | — | — | $1.7M | +47.1% | — |
Q4 2025 2025-12-31 | — | — | $18.7M | — | — |
Q3 2025 2025-09-30 | — | — | $2.4M | +18590.8% | — |
Q2 2025 2025-06-30 | — | — | $2.4M | — | — |
Q1 2025 2025-03-31 | — | — | $1.2M | — | — |
Q3 2024 2024-09-30 | — | — | $-13.0K | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Blank Checks · SIC 6770
Your notes
Keep private notes on ATII — thesis, target price, catalysts to watch.
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Insider activity
No insider transactions on file for ATII in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns ATII
Institutional value
$42.7M
Total shares held
4.4M
Distinct holders
11
-38 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Magnetar Financial LLC | 1.3M | $13.6M | +0 (+0.0%) | No change |
| 2 | Alberta Investment Management Corp | 750.0K | $7.8M | -750.0K (-50.0%) | Trimmed |
| 3 | Hudson Bay Capital Management LP | 700.0K | $7.3M | +0 (+0.0%) | No change |
| 4 | PICTON MAHONEY ASSET MANAGEMENT | 500.0K | $5.2M | +0 (+0.0%) | No change |
| 5 | COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400.0K | $4.2M | +0 (+0.0%) | No change |
| 6 | DLD Asset Management, LP | 150.0K | $1.6M | -50.0K (-25.0%) | Trimmed |
| 7 | WOLVERINE ASSET MANAGEMENT LLC | 134.3K | $1.4M | -221.1K (-62.2%) | Trimmed |
| 8 | GRITSTONE ASSET MANAGEMENT LLC | 99.1K | $1.0M | +0 (+0.0%) | No change |
| 9 | BNP PARIBAS FINANCIAL MARKETS | 37.7K | $392.9K | — | New |
| 10 | MIZUHO SECURITIES USA LLC | 19.5K | $202.5K | -284.4K (-93.6%) | Trimmed |
| 11 | Mint Tower Capital Management B.V. | 300.0K | $3.1K | +0 (+0.0%) | No change |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once ATII's latest filing finishes processing.
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