Recent Updates — NANOW

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.

Forge Nano Holdings has completed its business combination with Archimedes Tech SPAC Partners II Co., resulting in the company becoming a publicly traded entity on NASDAQ under the ticker symbol NANO. The transaction involved significant shareholder activity, with holders of 22,219,068 public shares exercising their redemption rights at approximately $10.73 per share, totaling roughly $238.4 million in cash outflows from the trust account. Following the merger, the combined entity operates as Forge Nano Holdings, Inc., and its securities are expected to begin trading on October 22, 2026. The company plans to ring the NASDAQ Opening Bell on October 28, 2026. Forge Nano is a U.S.-based semiconductor equipment and advanced materials firm specializing in Atomic Layer Deposition technology for AI-era chip manufacturing and battery applications.

Archimedes Tech SPAC Partners II Co., Pubco, and Forge Nano amended their subscription agreement to convert 7,031,175 of the 10,000,000 subscribed PIPE shares into pre-funded warrants at an exercise price of $0.0001 per share. The remaining 2,968,825 shares will be issued as common stock alongside 15,000,000 PIPE warrants. This change reduces the immediate equity dilution from the private placement while maintaining the aggregate purchase price of $100 million. Concurrently, the Sponsor waived transfer restrictions on 3,000,000 ordinary shares to be transferred to the Investor. The transaction is part of the proposed business combination between ATII and Forge Nano, a manufacturer of nanoscale materials for industrial applications.