Archimedes Tech Shareholders Approve Forge Nano Merger
The merger paves the way for Forge Nano Holdings Inc. to begin trading on the Nasdaq stock exchange.
Updated on Oct. 21, 2026 in Quantum Computing
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Shareholders of Archimedes Tech SPAC Partners II Co. voted to approve a merger with Forge Nano Inc. on October 16. The transaction will result in the creation of Forge Nano Holdings Inc., which plans to list on the Nasdaq.
Why it matters
The deal provides a path to the public markets for Forge Nano, which specializes in atomic layer deposition technology for the battery and semiconductor industries. This approval marks the latest step in the company's transition to a publicly traded entity.
Forge Nano specializes in atomic layer deposition technology, a process used to enhance performance in semiconductor and battery manufacturing. The firm's technological applications are intended for high-tech components where atomic-level precision is required.
The players
Archimedes Tech SPAC Partners II Co.
This special purpose acquisition company, incorporated in the Cayman Islands with headquarters in Delaware, focuses on taking private firms public through mergers.
Forge Nano Inc.
This company specializes in atomic layer deposition technology, which creates thin-film coatings for semiconductors and batteries to improve performance.
The details
At an extraordinary general meeting, shareholders supported all merger-related proposals, with results verified by an independent inspector of elections. The combined company will be listed on the Nasdaq under the tickers NANO and NANOW.
Timeline
February 2025: Archimedes II raised $230 million in its initial public offering.
April 2022: Archimedes Tech SPAC Partners completed a merger with SoundHound AI Inc.
October 16, 2026: Shareholders officially approved the merger with Forge Nano.
The Tech Race
This merger follows a pattern established by the 2022 Archimedes Tech merger with SoundHound AI, showing the firm's continued strategy of using SPAC vehicles for technology listings. It highlights the ongoing trend of capital-intensive tech firms seeking public market entry to scale advanced manufacturing processes.
Investors tracking the semiconductor and battery sectors may note the new tickers NANO and NANOW as they become active on the Nasdaq. Retail investors can monitor these symbols to track how atomic layer deposition technology gains exposure in the public market.
The takeaway
SPAC mergers remain a key pathway for specialized hardware companies to secure public funding for complex production technologies. Investors should monitor the integration of these high-tech manufacturing processes as the new entity begins its life as a publicly traded company.
What happens next
The transaction is expected to finalize within the coming days, after which the entity will begin trading on the Nasdaq under the symbols NANO and NANOW.
Further reading
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