Forge Nano to Go Public via $1.6 Billion SPAC Merger
Forge Nano, specializing in battery and semiconductor chip technology, is set to go public through a $1.6 billion merger with Archimedes Tech SPAC Partners II. This move follows successful fundraising efforts and aims to increase production capabilities to meet growing customer demand.
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Forge Nano will merge with Archimedes Tech SPAC Partners II in a deal valued at approximately $1.595 billion, assuming no shareholder redemptions. The agreement includes a $100 million private placement and utilizes Archimedes II's $242 million cash trust.
Following a recent $82.2 million fundraising round, this transaction is expected to finalize in the latter half of 2026. Forge Nano is constructing a lithium-ion battery factory in Morrisville, N.C., projected to employ 200 individuals.
Founded in 2013, the company focuses on atomic layer deposition technology, enhancing battery performance and reducing chip production losses. The combined entity will trade on Nasdaq under the ticker symbols NANO and NANOW.
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