According to a recent LinkedIn post from Forge Nano, the company plans to go public on Nasdaq via a definitive merger agreement with Archimedes Tech SPAC Partners II (ATII) at a reported $1.2 billion pre-money valuation. The post frames this transaction as the culmination of 14 years of development of its Atomic Armor ALD nanocoating platform.
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The LinkedIn post highlights that Forge Nano’s technology is already used in Spire Global satellites launched via SpaceX and in defense battery applications, and is positioned to improve AI chip yields. It also emphasizes a predominantly domestic supply chain and aligns the business with U.S. policy priorities around reducing reliance on foreign chips, batteries, and supply chains.
According to the post, Forge Nano cites a $100 million U.S. Department of Energy grant and strategic investors including GM Ventures, Volkswagen, Hanwha Aerospace, LG Technology Ventures, and Air Liquide, alongside a self-reported pipeline exceeding $2 billion. The post also references a 2028 U.S. defense mandate that would prohibit foreign battery cells in certain procurement, suggesting a potential regulatory tailwind for domestic battery-related technologies.
The company’s LinkedIn communication positions its addressable market at more than $359 billion by 2034 across semiconductors, defense batteries, pharmaceuticals, data centers, and quantum computing. For investors, the proposed SPAC transaction could provide a public-market vehicle to gain exposure to U.S.-based advanced manufacturing and materials engineering tied to AI infrastructure, defense, and reshoring themes, though typical SPAC and execution risks would apply.