M&A
confidence high
sentiment neutral
materiality 0.90
Archimedes Tech SPAC to merge with Forge Nano at $1.2B enterprise value; expected close Q3 2026
Archimedes Tech SPAC Partners II Co.
- Merger values Forge Nano at $1.2B; SPAC shareholders receive $10 per share reference price for Pubco Common Stock.
- Up to 90M earn-out shares issuable if Pubco shares hit $15/$20/$25 or revenue reaches $400M/$600M/$800M within 5 years.
- Sponsor agreed to vote for deal and not redeem; contributes up to 3.3M ordinary shares to secure financing.
- Forge Nano stockholders representing ~56% of pro forma shares (66% under max redemptions) subject to 6-month lock-up.
- Closing expected in Q3 2026; subject to shareholder approval, HSR clearance, SEC effectiveness, and Nasdaq listing.