InvestmentJul 14, 2026, 04:47 PM
Forge Nano Secures $23M Additional PIPE, Samsung SDI Invests
AI Summary
Forge Nano, which is set to merge with Archimedes Tech SPAC Partners II Co., announced an additional $23 million in PIPE financing, bringing the total PIPE commitments to $123 million. This new financing includes a $20 million strategic investment from Samsung SDI, with $10 million allocated to the PIPE and $10 million to Forge Nano's Series D, which has now closed at $97 million. The PIPE shares were priced at $10.00 each. Upon the expected closing of the business combination in the second half of 2026, Forge Nano anticipates over $367 million in pro forma cash, assuming no shareholder redemptions.
Key Highlights
- Forge Nano secured an additional $23 million in PIPE financing.
- Total PIPE commitments for Forge Nano now stand at $123 million.
- All new PIPE commitments were priced at $10.00 per share.
- Samsung SDI made a $20 million strategic investment in Forge Nano.
- Samsung SDI's investment includes $10 million in PIPE financing.
- Forge Nano successfully closed its Series D funding at $97 million.
- Pro forma cash upon public listing is expected to be over $367 million, assuming no redemptions.
- The business combination is expected to close in the second half of 2026.
Price Impact
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