Forge Nano Business Combination with Archimedes Tech SPAC Partners II
This Form 8-K filing reports that Archimedes Tech SPAC Partners II Co. (ATII) has entered into a proposed business combination with Forge Nano, Inc., a materials science company specializing in atomic layer deposition technology. The transaction, announced on April 28, 2026, involves Forge Nano merging with the SPAC to become a publicly traded company on NASDAQ. The deal values Forge Nano at approximately $1.2 billion pre-money, with an expected enterprise value of $1.6 billion post-merger. Forge Nano is expected to receive approximately $317 million in net cash at closing from the SPAC trust and PIPE financing. The company's technology platform focuses on atomic-scale manufacturing for applications in semiconductors, lithium-ion batteries, and advanced industrial systems. The filing includes a transcript of an investor presentation detailing Forge Nano's growth strategy, which includes expanding semiconductor tool manufacturing and battery production capacity with a $100 million Department of Energy grant for a 3-gigawatt-hour battery facility.