Forge Nano wins shareholder nod to go public via $230M SPAC
What's the deal? Archimedes Tech SPAC Partners II Co.Dealroom has a profile for this one. Try Dealroom → (Nasdaq: ATII) said its shareholders approved a merger with Forge Nano, a US-based semiconductor equipment and advanced materials company. The combined business will operate as Forge Nano Holdings, Inc.Dealroom has a profile for this one. Try Dealroom →
Why now? Shareholders voted at an extraordinary general meeting on October 16, 2026. The deal is expected to close in the coming days, subject to remaining closing conditions.
What's the endgame? Forge Nano develops Atomic Layer Deposition technology for AI-era chip manufacturing and defence battery applications, marketed under its Atomic Armor brand. The nano-scale coating system is designed to strengthen critical systems at the atomic level.
The details: Once the merger closes, the combined company's common stock and warrants are expected to trade on Nasdaq under the tickers "NANO" and "NANOW." Archimedes II completed its $230 million IPO in February 2025 and was formed to merge with a technology business.
Track record: Archimedes II is led by chairman Eric R. Ball and chief executive officer Long Long. The team's prior SPAC merged with SoundHound AIDealroom has a profile for this one. Try Dealroom → in April 2022.
The signal: The deal gives Forge Nano a public listing as demand climbs for chip manufacturing tied to AI and defence applications. It also marks a return to dealmaking for a SPAC team with a prior exit to point to.
Read more: finance.yahoo.com
Image credit: Generated with Gemini
