Forge Nano agrees proposed NASDAQ business combination
Forge Nano signed a definitive business-combination agreement with Archimedes Tech SPAC Partners II that would list the combined company on NASDAQ.
Evidence notes
- The proposed transaction assigned Forge Nano an approximately USD 1.2 billion pre-money equity valuation.
- A USD 100 million PIPE and cash held in the SPAC trust were described as potential transaction capital, subject to closing conditions and redemptions.
- The transaction was expected to close in the second half of 2026, subject to shareholder, regulatory and listing approvals.
Company context
Forge Nano supplies atomic-layer-deposition equipment, coated materials and U.S.-made battery cells for advanced manufacturing.