Archimedes Tech SPAC Partners II (ATII) merger partner, Forge Nano, said Tuesday it secured an additional $23 million in PIPE financing ahead of its planned Nasdaq listing.
The new investment, priced at $10 per share, increases total PIPE commitments to $123 million, it said.
Samsung SDI invested $20 million, including $10 million in the PIPE and $10 million in Forge Nano's Series D financing. Horizons Ventures also participated, it added.
Forge Nano said it also completed its $97 million Series D round.
The business combination is expected to close in H2 2026, subject to shareholder approval and other customary closing conditions, it added.
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