Archimedes Tech SPAC II outlines Forge Nano merger plan

Archimedes Tech SPAC Partners II Corporation ( (ATII) ) has shared an announcement.

On April 28, 2026, Forge Nano and Archimedes Tech SPAC Partners II held an investor call to review their previously announced business combination, under which Forge Nano plans to merge with the NASDAQ-listed SPAC ATII and become a publicly traded company. The deal, governed by a merger agreement signed on April 20, 2026, is expected to close in the third quarter of 2026, with Forge Nano projected to receive about $317 million in net cash to expand its semiconductor tool and battery manufacturing capacity, implying a roughly $1.6 billion enterprise value and leaving existing Forge Nano shareholders with about 75% of the combined company.

The companies highlighted that the transaction structure includes a performance-based earnout of up to $900 million over five years and is intended to align management and shareholder incentives while supporting Forge Nano’s expansion into multiple high-growth markets. The release also underscores significant regulatory and execution risks, including potential delays, shareholder approvals, market conditions and operational challenges, signaling that the combination could be transformative but is subject to substantial uncertainty for investors and other stakeholders.

More about Archimedes Tech SPAC Partners II Corporation

Archimedes Tech SPAC Partners II Corporation is a Cayman Islands-based special purpose acquisition company focused on identifying and merging with high-growth technology businesses. Its current target, Forge Nano, Inc., is a Colorado-founded materials engineering company that applies atomic-scale surface coating technology to products for sectors including semiconductors, batteries, defense and digital infrastructure.

Average Trading Volume: 149,829

Technical Sentiment Signal: Strong Buy

Current Market Cap: $316M

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