Forge Nano, U.S. Advanced Manufacturing Leader for AI-Era Chips and Defense Batteries, to List on NASDAQ through Merger with Archimedes Tech SPAC Partners II Co.

DENVER and NEW YORK, April 21, 2026 (GLOBE NEWSWIRE) -- Forge Nano, Inc. (“Forge Nano” or the “Company”), a leading U.S. based semiconductor equipment and advanced materials company pioneering Atomic Layer Deposition (“ALD”) technology for artificial intelligence (“AI”)-era chip manufacturing and defense battery applications, and Archimedes Tech SPAC Partners II Co. (“Archimedes II”) (NASDAQ: ATII), a publicly traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (“Transaction”) that would result in Forge Nano becoming a publicly listed company. Upon closing of the Transaction, the combined company will operate as Forge Nano, Inc. and its common stock and warrants are expected to trade on NASDAQ under the new ticker symbol “NANO” and “NANOW” respectively. The Company will continue to be led by Forge Nano’s existing management team, which brings deep technological and manufacturing experience.

The Transaction values Forge Nano at approximately $1.2 billion on a pre-money, pre-merger basis. The Transaction also includes $100 million in new capital committed in a private placement of common stock and warrants (the "PIPE"). Archimedes II currently holds approximately $242 million in cash in trust (subject to redemption). Assuming no redemptions, the Transaction would result in a total equity value of approximately $1.595 billion.

The Transaction comes on the heels of Forge Nano’s Series D funding round with $82.2 million funded and committed to date.

Full press release here.