Archimedes Tech SPAC Partners II Co.

Forge Nano, which is set to merge with Archimedes Tech SPAC Partners II Co. (ATII), announced a strategic partnership with Samsung SDI. This collaboration involves Forge Nano constructing a 3 GWh per year advanced battery manufacturing facility in Morrisville, North Carolina, with Samsung SDI providing operational and manufacturing support. Production is slated to begin in 2028, with Samsung SDI committing to a conditional procurement contract for cells and Forge Nano becoming an authorized U.S. distributor for Samsung SDI cells. Forge Nano's investment of $300-$330 million for the Gigafactory is partially offset by a $100 million grant from the Department of Energy.

Archimedes Tech SPAC Partners II Co. (ATII) announced a definitive merger agreement with Forge Nano, Inc., a Delaware corporation, on April 20, 2026. The transaction will involve ATII re-domiciling as a Delaware corporation (Pubco), which will then merge with Forge Nano, valuing Forge Nano at $1.2 billion. The agreement includes potential earn-out shares and a $100 million PIPE investment. For the three months ended March 31, 2026, ATII reported a net income of $1,704,803, and its Trust Account balance grew to $242,002,931, though the company noted a going concern risk if the business combination is not completed by November 12, 2026.

Archimedes Tech SPAC Partners II Co. (ATII) announced the filing of a Form S-4 registration statement with the SEC on May 5, 2026. This filing is in connection with its previously announced proposed business combination with Forge Nano, Inc. The Registration Statement includes a preliminary proxy statement/prospectus and has not yet been declared effective.

Archimedes Tech SPAC Partners II Co. (ATII) announced a business combination with Forge Nano, a company specializing in atomic-scale material surface engineering. The transaction values Forge Nano at a $1.2 billion pre-money valuation and is expected to provide approximately $317 million in net cash at closing, which will fund expansion of semiconductor tool and battery manufacturing capacity. The combined entity is projected to have an enterprise value of $1.6 billion, with existing Forge Nano shareholders retaining 75% ownership. The deal includes a performance earnout of up to $900 million across three tiers, active for five years post-closing.

Archimedes Tech SPAC Partners II Co. (ATII) announced it has entered into a definitive Agreement and Plan of Merger with Forge Nano, Inc. on April 20, 2026. As part of the transaction, ATII will re-domicile to Delaware by merging with its subsidiary, ATII Holdings Inc. (Pubco). Following the reincorporation, Pubco will be renamed "Forge Nano Holdings Inc.", and ATII's units will separate into ordinary shares and warrants.