Archimedes Tech SPAC Partners II Company

What Archimedes Tech SPAC Partners II Company does

Archimedes Tech SPAC Partners II Co. is a Delaware-incorporated, NASDAQ-listed special purpose acquisition company (SPAC) trading under the ticker ATII (with units ATIIU), headquartered in Claymont, Delaware. It completed a $230 million IPO on February 12, 2025, including full exercise of the underwriters' over-allotment option, with proceeds held in trust pending a business combination. The company is led by CEO Long Long, CFO Daniel L. Sheehan, and Chairman Dr. Eric R. Ball, supported by directors Stephen N. Cannon, Jack Crawford, and Vishwesh Pai, and special advisors drawn from prior SPAC vehicles plus executives from Uber, Google, Apple, Samsung, C3 AI, ServiceNow, and Oracle. Beyond trust-account management, the company has no operating products, services, or revenue of its own.

On April 21, 2026, the SPAC entered a definitive business combination agreement with Forge Nano, Inc., a U.S.-based semiconductor equipment and advanced materials company whose proprietary Atomic Layer Deposition (ALD) technology underpins its Atomic Armor battery-coating platform and TEPHRA semiconductor wafer fabrication platform, both oriented to AI-era chip manufacturing and defense battery applications. The transaction carries a pre-money equity valuation of approximately $1.2 billion and a total equity value of approximately $1.595 billion assuming no redemptions, structured to deliver up to $342 million in gross proceeds (combining $242 million of SPAC trust cash with $100 million in committed PIPE financing). Closing is targeted for the second half of 2026, with the combined company expected to trade on NASDAQ under the ticker NANO; the registration statement on Form S-4 was filed on May 5, 2026 and amended on June 22, 2026.

The combined entity inherits Forge Nano's strategic investor and partner base, including Volkswagen, GM Ventures, LG Technology Ventures, Hanwha Aerospace, and Air Liquide as equity backers, plus a flagship commercial partnership with Samsung SDI (announced June 25, 2026) covering a 3 GWh Morrisville, North Carolina battery facility, $20 million in funding, and a conditional 2028 procurement and U.S. distribution arrangement. Capital structure is also reinforced by a $100 million U.S. Department of Energy grant and the pursuit of a $275 million loan from the Pentagon's Office of Strategic Capital. As a SPAC, Archimedes Tech SPAC Partners II does not sell products or services itself; its business model is the identification, negotiation, and execution of the de-SPAC transaction with Forge Nano, after which the combined company will operate Forge Nano's ALD equipment, materials, and battery cell businesses.

Name

Archimedes Tech SPAC Partners II Company

Legal name

Archimedes Tech SPAC Partners II Co.

Website

https://archimedesspac2.com

Company type

Public

Founded year

2025

Operating status

Ipo

Headcount range

1–10 employees

Short description

Archimedes Tech SPAC Partners II Co. is a NASDAQ-listed blank-check company (ATII) that closed a $230 million IPO in February 2025 and agreed to merge with Forge Nano, Inc., a U.S. Atomic Layer Deposition equipment and materials company, in a $1.595 billion deal expected to close in H2 2026 under the ticker NANO.

Ownership category

akta.pro rank

Product category

Special Purpose Acquisition Company (SPAC) Financial Services

NAICS

Securities and Commodity Exchanges (52321), Semiconductor Machinery Manufacturing (333242)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industry

Custom/ASIC & Foundry-Adjacent IDM Services (HDAHAAAL)

Keywords

• Special purpose acquisition
• Blank check company
• Business combination
• De-SPAC transaction
• Initial public offering

Headquarters

HQ city

Claymont

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels4 records

Core offering

Archimedes Tech SPAC Partners II Co. is a NASDAQ-listed special purpose acquisition company (SPAC) that completed a $230 million IPO on February 12, 2025, and exists solely to identify, acquire, and complete a business combination with a target company. On April 21, 2026, it announced a definitive business combination agreement with Forge Nano, Inc., a U.S.-based semiconductor equipment and advanced materials company specializing in Atomic Layer Deposition technology for AI-era chip manufacturing and defense battery applications. The combined company is expected to trade on NASDAQ under the ticker symbol NANO.

Product overview

Archimedes Tech SPAC Partners II Co. (ATII) is a special purpose acquisition company (SPAC) listed on NASDAQ that does not offer standalone products or services. Its core business is identifying and completing a business combination with a target company. On April 21, 2026, ATII announced a definitive business combination agreement with Forge Nano, Inc., a U.S.-based semiconductor equipment and advanced materials company. Following the merger, the combined company is expected to trade on NASDAQ under the ticker symbol 'NANO'. ATII's activities are focused on the SPAC lifecycle including IPO, target acquisition, and de-SPAC transition, rather than product/service offerings.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• Samsung SDIflagshipStrategic or Co-development Partner · 25 June 2026Samsung SDI has entered into a landmark agreement with Forge Nano to assist in constructing a 3 GWh per year battery manufacturing facility in Morrisville, North Carolina. Samsung SDI will provide $20 million and engineering support, and has entered into a conditional procurement agreement to purchase battery cells produced at Forge Nano's Gigafactory starting in 2028. Forge Nano will also distribute Samsung SDI battery cells in the U.S. as an authorized distributor.
• Forge Nano, Inc.coreStrategic or Co-development Partner · 21 April 2026Archimedes Tech SPAC Partners II announced a definitive business combination agreement with Forge Nano, Inc. on April 21, 2026. The transaction values Forge Nano at approximately $1.2 billion pre-money equity valuation with total equity value reaching approximately $1.595 billion. The combined company will trade on NASDAQ under ticker 'NANO'. The transaction includes $100 million in new PIPE capital and access to $242 million in SPAC trust cash. Closing is expected in H2 2026 subject to shareholder and regulatory approvals.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Lam Research Corporation: Major semiconductor wafer fabrication equipment provider with strong positions in deposition, etch, and clean. Comparable to Forge Nano as a large-scale competitor serving advanced-node logic and memory manufacturers globally.
• Tokyo Electron Limited: Major Japanese semiconductor production equipment manufacturer with deposition and coating product lines serving global fabs. Comparable to Forge Nano as a well-capitalized incumbent offering overlapping thin-film deposition capabilities.
• ASM International N.V. Global leader in Atomic Layer Deposition equipment for semiconductor manufacturing, with a deeply entrenched installed base across leading-edge logic and memory fabs. Comparable to Forge Nano's ALD equipment business as the dominant incumbent in the same technology category.
• Applied Materials, Inc. Largest semiconductor equipment company globally with extensive deposition, etch, and inspection portfolios including ALD-adjacent technologies. Comparable to Forge Nano as a broad incumbent competing across the same advanced semiconductor manufacturing customers.

Direct peers

• SoundHound AI, Inc. The post-merger public company resulting from the Archimedes Tech SPAC Partners Co. de-SPAC. Comparable as a technology-focused SPAC merger outcome under the same chairman (Dr. Eric Ball), and serves as the reference case for what a successful Archimedes SPAC exit looks like.
• Forge Nano, Inc. Forge Nano is the definitive business combination target for Archimedes Tech SPAC Partners II, valued at $1.2B pre-money. It is a U.S.-based semiconductor equipment and advanced materials company specializing in Atomic Layer Deposition technology, making it the direct operating peer for the post-merger combined company.
• Ackrell SPAC Partners I Co. Earlier SPAC from the same sponsor cohort (Long Long, Stephen Cannon) that ultimately liquidated its trust and delisted in August 2022. Comparable as a same-team SPAC vehicle, with the cautionary outcome of a failed de-SPAC providing a relevant risk benchmark.
• Archimedes Tech SPAC Partners Co. The predecessor SPAC from the same sponsor team (Dr. Eric Ball, Long Long, Stephen Cannon) that consummated its business combination with SoundHound AI in April 2022. Closely comparable in sponsor composition, governance, and target sector focus, making it the most directly comparable SPAC vehicle.
• Global SPAC Partners Co. Sibling SPAC from the same management network (Long Long, Stephen Cannon) that merged with Gorilla Technology Group Inc. in 2022. Comparable as a SPAC vehicle operated by overlapping sponsor team targeting technology opportunities.

Others

• Hanwha Aerospace: Strategic investor in Forge Nano (holding 200+ patents) and recipient of a $100M DOE grant, reflecting dual-use defense and semiconductor industrial positioning. Comparable as an ecosystem participant with overlapping exposure to defense semiconductor and advanced materials markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/archimedes-tech-spac-partners-ii-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Archimedes Tech SPAC Partners II Company