Mergers & Acquisitions ·
Completes $100M PIPE and merger with Forge Nano, raising $123M total as shares begin trading under NANO
NANOForge Nano Holdings, Inc.
Forge Nano Holdings completes its business combination with Archimedes Tech SPAC Partners II Co., issuing 128.7 million common shares to former ATII holders and Forge Nano investors at an approximate 28.5-to-1 exchange ratio. The transaction includes a $100 million PIPE financing from an initial investor and $23 million in additional PIPE capital, bringing total proceeds to approximately $123 million. Concurrently, the company issued 90 million earn-out shares subject to stock price or revenue milestones over five years. Former SPAC CEO Long Long departed, replaced by Paul Lichty as CEO and Michael Kleinberg as CFO. The combined entity's common stock began trading on Nasdaq under the symbol NANO on October 22, 2026. Forge Nano Holdings operates in the advanced materials and battery technology sector.