Archimedes Tech SPAC II to Merge with Forge Nano

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

On April 20, 2026, Archimedes Tech SPAC Partners II Co. and its affiliates signed a merger agreement with Forge Nano, a U.S. advanced manufacturing specialist in ALD-enabled semiconductor tools and lithium-ion batteries, paving the way for Forge Nano to list on NASDAQ under the ticker symbols NANO and NANOW. The combined company, valued at about $1.2 billion pre-money with an earnout of up to $900 million, is expected to leverage roughly $342 million in potential gross proceeds from trust cash, a $100 million PIPE and prior Series D funding to expand U.S. production capacity, accelerate its technology roadmap and deepen its role in critical chip and defense battery supply chains.

The business combination, unanimously approved by both boards and expected to close in the second half of 2026 subject to shareholder and regulatory approvals, positions Forge Nano to scale its Atomic Armor platform across a projected $359 billion-plus addressable market by 2034. Backed by strategic investors such as Volkswagen, GM Ventures and Hanwha Aerospace and supported by a $100 million U.S. Department of Energy grant, the deal underscores growing policy and industry support for domestic manufacturing of AI-era chips and defense batteries, with proceeds earmarked for new tools, battery cell capacity and expansion into high-growth verticals including pharmaceuticals, data centers and quantum computing.

More about Archimedes Tech SPAC Partners II Corporation

Forge Nano is a U.S.-based semiconductor equipment and advanced materials company focused on Atomic Layer Deposition nanocoating technology for AI-era chip manufacturing and defense-grade lithium-ion batteries. It operates a vertically integrated manufacturing platform, producing ALD equipment and batteries domestically for energy, defense and high-performance industrial markets, supported by a large patent portfolio and strategic investors including major automakers and aerospace groups.

Archimedes Tech SPAC Partners II Co. is a publicly listed special purpose acquisition company on NASDAQ that seeks to merge with high-growth technology and manufacturing businesses. By partnering with Forge Nano, Archimedes II is positioning itself at the intersection of semiconductor tools and advanced battery technologies, aiming to capitalize on U.S. industrial policy tailwinds and reshoring initiatives.

Forge Nano targets a total addressable market exceeding an estimated $359 billion by 2034 across semiconductors, energy storage and emerging sectors such as pharmaceuticals, data centers and quantum computing. Its Atomic Armor platform is already deployed in commercial applications, including satellites, and leverages a predominantly domestic supply chain, aligning its growth strategy with U.S. energy security and defense priorities.

Average Trading Volume: 142,052

Technical Sentiment Signal: Strong Buy

Current Market Cap: $309.5M

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