Forge Nano completes SPAC merger, with Nasdaq trading expected October 22

Forge Nano has completed the merger that takes its semiconductor equipment and advanced materials business toward Nasdaq. The company announced the closing on October 21, 2026, with shares expected to begin trading October 22. Management says public-market access offers a way to scale technology aimed at AI-era chip manufacturing and advanced batteries.

The transaction combines Forge Nano with Archimedes Tech SPAC Partners II Co. The combined company will operate as Forge Nano Holdings, Inc. Its common stock and warrants are expected to trade under NANO and NANOW, respectively. The closing followed an extraordinary general meeting of Archimedes II shareholders on October 16.

The merger is complete, but the trading debut remains an expected next step. Forge Nano also plans to mark the listing by ringing the Nasdaq Opening Bell on October 28 at MarketSite in Times Square, New York City—a separate date from the expected first day of trading.

One coating platform, two commercial markets

Forge Nano’s business centers on atomic layer deposition, or ALD: technology for applying precise coatings at a nanoscale. Its proprietary platform, Atomic Armor, is designed to improve materials and products by controlling their surfaces. That is the company’s stated performance proposition, rather than a new product introduced with the merger.

The company is commercializing that platform in two primary markets. One is semiconductor manufacturing equipment, where Forge Nano targets increasingly complex, next-generation chip designs. The other is advanced battery materials and manufacturing for commercial and defense applications. The AI connection is therefore on the manufacturing side: equipment and materials for chips, rather than an AI model or software service.

Chief executive Paul Lichty described the listing as a milestone after more than a decade spent building the company. He said its technology is moving into commercial semiconductor manufacturing, advanced batteries and other critical applications. His case for going public is about accelerating that work, not changing the company’s underlying technology.

Access to the public markets gives us an opportunity to accelerate that work and continue scaling an American advanced manufacturing company built for the industries that will define the next generation.

Paul Lichty, chief executive officer of Forge Nano

A closed deal is not a finished scale-up

Forge Nano’s announcement does not disclose the transaction’s valuation or the amount of cash the company receives at closing. It establishes the completed combination and expected trading schedule, but does not quantify the additional financial resources available for expansion.

The company’s own risk disclosures separate the listing milestone from the operating work ahead. They identify the ability to develop and deploy new technologies, meet customer specifications and provide effective support as risks. For a business selling manufacturing technology, those requirements sit alongside the ambition to reach larger markets.

Other disclosed risks concern raw-material availability and costs, delays in building and operating production facilities, and managing growth profitably. Public ownership brings another task: implementing the controls and procedures required of a public company. Forge Nano cautions that these factors could prevent it from realizing the anticipated benefits of the combination.