<span item_type="fundamental" item_id="c7797a7b9ea9693d5b77dce444b2e857" counter_id="ST/US/ASCBF" env="prod"></span><span item_type="announcement" item_id="617225215082763777" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 0.</p><p>EPS: As of FY2025, the actual value is USD -0.06.</p><p>EBIT: As of FY2025, the actual value is USD -470.02 K.</p><p></p><p>A SPAC II Acquisition Corp. operates as a single segment and has not generated any operating revenues to date, nor does it expect to until after its initial Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Net Income/Loss</h4><p>For the year ended December 31, 2025, the company reported a net loss of - $224,482, which is a decrease from the net income of $155,060 reported for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Loss from Operations</h4><p>Loss from operations for the year ended December 31, 2025, was - $347,251, an improvement compared to the - $610,857 loss from operations for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>General and Administrative Expenses</h4><p>General and administrative expenses were $347,251 for the year ended December 31, 2025, a decrease from $610,857 for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Interest Income</h4><p>Interest earned on investments held in the Trust Account was $120,460 for 2025, a significant decrease from $754,753 for 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> Interest earned in the bank account was $2,309 for 2025, also lower than $11,164 for 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was - $363,076 for the year ended December 31, 2025, which is less than the - $459,004 used in the prior year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Cash Flow from Investing Activities</h4><p>Net cash provided by investing activities was $4,078,486 for the year ended December 31, 2025, representing cash withdrawn from the Trust Account to pay public shareholder redemptions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> This was substantially lower than the $18,165,082 provided in 2024 for the same purpose.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities was - $3,856,256 for the year ended December 31, 2025, which included - $4,078,486 for public shareholder redemptions, partially offset by $134,230 from promissory notes to the Sponsor and $88,000 from advances from a related party.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> In comparison, net cash used in financing activities was - $18,007,244 for the year ended December 31, 2024, which included - $18,165,082 for public shareholder redemptions, partially offset by $157,838 from promissory notes to the Sponsor.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Financial Position</h4><p>As of December 31, 2025, cash held outside the Trust Account was $135, with a working capital deficit of - $645,353.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> Investments held in the Trust Account decreased significantly from $4,485,356 as of December 31, 2024, to $527,330 as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> The company had promissory notes from a related party totaling $292,068 outstanding as of December 31, 2025, an increase from $157,838 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> A deferred underwriting fee payable of $7,000,000 remained outstanding as of both December 31, 2025, and December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p><h4>Outlook / Guidance</h4><p>A SPAC II Acquisition Corp. intends to complete an initial business combination by August 5, 2027, and anticipates continued significant professional and transaction costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> The company’s plan to address substantial doubt about its ability to continue as a going concern relies on completing a business combination and securing additional financing through Working Capital Loans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span> However, there is no assurance these plans will succeed, and the company currently lacks commitments for such financing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1876716/000121390026017294/ea0273504-10k_aspac2acq.htm"></span></p>

A SPAC II ACQUISITION CORP | 10-K: FY2025 Revenue: USD 0