Overview
- A business combination announced Tuesday between Forge Nano and Archimedes Tech SPAC Partners II would list the company on Nasdaq at about a $1.2 billion pre‑money valuation.
- The deal includes a $100 million private placement (PIPE) and access to about $242 million held in the SPAC’s trust, for up to $342 million in gross proceeds subject to shareholder redemptions.
- The companies target a second‑half 2026 closing and plan to trade on Nasdaq under the ticker NANO after required approvals.
- Forge Nano says the cash would scale U.S. manufacturing of semiconductor tools and lithium‑ion batteries and support moves into new markets such as pharmaceuticals, data centers and quantum computing.
- The company cites backing from Volkswagen, Air Liquide, Hanwha Aerospace, GM Ventures and LG Technology Ventures, plus a $100 million U.S. Department of Energy grant, as validation for its approach.