Forge Nano Adds $23M PIPE at $10/Share and $20M Samsung SDI Investment Ahead of SPAC Merger

summarizeSummary

Forge Nano added $23M in PIPE financing at $10/share and a $20M strategic investment from Samsung SDI, boosting total PIPE to $123M and pro forma cash to $367M ahead of its SPAC merger with Archimedes II.

check_boxKey Events · Financing and Capital Events · ATII

• PIPE Financing Upsized to $123M

  Forge Nano secured an additional $23 million in PIPE financing at $10.00 per share, increasing total PIPE commitments to $123 million. All new commitments are priced at $10.00, a 7.4% discount to ATII's current $10.80.

• Samsung SDI Strategic Investment

  Samsung SDI committed $20 million to Forge Nano, with $10 million in the PIPE and $10 million in the Series D round. This adds a major strategic partner to the combined company.

• Series D Closed at $97M

  Forge Nano closed its Series D financing at $97 million, rounding out its pre-IPO capital formation. Combined with the PIPE, total pre-merger funding is substantial.

• Pro Forma Cash of $367M

  Assuming no shareholder redemptions, the combined company expects $367 million in pro forma cash at closing, consisting of $244 million from the SPAC trust and $123 million from the PIPE.

auto_awesomeAnalysis · ATII · Real Estate & Construction

Forge Nano, the target in Archimedes II's SPAC merger, raised an additional $23 million in PIPE financing at $10.00 per share, bringing total PIPE commitments to $123 million. The deal includes a $20 million strategic investment from Samsung SDI, split between the PIPE and Forge Nano's Series D round, which closed at $97 million. The combined company expects $367 million in pro forma cash at closing, assuming no redemptions. This strengthens the merger's financial foundation and adds a high-profile strategic partner, but the $10.00 price is a discount to ATII's current $10.80, signaling some dilution pressure. The filing is a material update to the merger timeline and capital structure.