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Forge Nano to go public via merger with Archimedes Tech SPAC, valued at $1.2B, expanding US AI chip and battery manufacturing.

Company Fundamentals
21 Apr 2026
Na
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Bullish
pluang ai news

Forge Nano, a US advanced manufacturing company specializing in Atomic Layer Deposition nanocoating technology for AI-era chips and defense batteries, will become publicly listed through a merger with Archimedes Tech SPAC Partners II Co. The transaction values Forge Nano at $1.2 billion pre-money and includes $100 million in new capital, aiming to scale US semiconductor tool and battery production. Backed by strategic investors like GM Ventures and Volkswagen, and supported by a $100 million US Department of Energy grant, Forge Nano targets a $359 billion market by 2034. The deal is expected to close in the second half of 2026, providing Forge Nano with capital and visibility to accelerate growth and expand into new industries such as pharmaceuticals and quantum computing.

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