Archimedes Tech SPAC Merger Partner Forge Nano Adds $23 Million PIPE Commitment
Archimedes Tech SPAC Partners II (ATII) merger partner, Forge Nano, said Tuesday it secured an additional $23 million in PIPE financing ahead of its planned Nasdaq listing. The new investment, priced at $10 per share, increases total PIPE commitments to $123 million, it said. Samsung SDI invested $20 million, including $10 million in the PIPE and $10 million in Forge Nano's Series D financing. Horizons Ventures also participated, it added. Forge Nano said it also completed its $97 million Series D round. The business combination is expected to close in H2 2026, subject to shareholder approval and other customary closing conditions, it added.
Archimedes Tech SPAC Partners II (ATII) merger partner, Forge Nano, said Tuesday it secured an additional $23 million in PIPE financing ahead of its planned Nasdaq listing.
The new investment, priced at $10 per share, increases total PIPE commitments to $123 million, it said.
Samsung SDI invested $20 million, including $10 million in the PIPE and $10 million in Forge Nano's Series D financing.
Horizons Ventures also participated, it added.
Forge Nano said it also completed its $97 million Series D round.
The business combination is expected to close in H2 2026, subject to shareholder approval and other customary closing conditions, it added.