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Forge Nano Secures Additional $23 Million in PIPE Financing at $10.00 Per Share, Closes Series D with Samsung Investment Ahead of Public Listing

  • Forge Nano announced an additional $23 million in PIPE commitments priced at $10.00 per share, bringing total PIPE financing to $123 million.
  • Samsung SDI committed $20 million to Forge Nano, consisting of $10 million in PIPE financing & $10 million in Series D financing.
  • Forge Nano successfully closed its Series D round at $97 million, completing its pre-IPO capital formation.
  • Horizons Ventures also participated in the company's PIPE financing alongside the new commitments.
  • Assuming no shareholder redemptions, the public listing will result in over $367 million in pro forma cash, combining $123 million in PIPE & $244 million in trust funds.
  • The business combination with Archimedes Tech SPAC Partners II Co. is expected to close in the second half of 2026, subject to shareholder approval.
  • Forge Nano aims to use the capital to accelerate commercialization of its Atomic Layer Deposition (ALD) semiconductor equipment & expand domestic manufacturing of advanced lithium-ion battery materials.
  • Archimedes II completed its $230 million IPO in February 2025 & currently trades on NASDAQ under the ticker symbol "ATII".