Forge Nano Inc. will begin trading on the NASDAQ under the ticker symbol NANO on October 22, 2026. This debut follows the completion of its business combination with Archimedes Tech SPAC Partners II Co., marking a significant milestone for the U.S.-based advanced materials company.

The combined entity, operating as Forge Nano Holdings Inc., aims to leverage public market access to accelerate growth in two critical sectors: semiconductor manufacturing equipment and advanced battery technologies. The company’s proprietary Atomic Layer Deposition (ALD) platform, branded as Atomic Armor®, enables precise nanoscale surface coatings designed to enhance performance in AI-era chip manufacturing and defense applications.

Strategic expansion and recent milestones

Forge Nano enters the public markets amid notable commercial momentum. The company has recently expanded its semiconductor manufacturing footprint in Taiwan and demonstrated 1,000:1 high-aspect-ratio coatings on customer wafers. Additionally, Forge Nano expanded its strategic relationship with Samsung SDI and announced a joint development agreement with Swedish pharmaceutical company Nanexa.

The company also broke ground on its North Carolina battery gigafactory, signaling a strong commitment to domestic production capacity for advanced battery materials.

Deal structure and advisors

The transaction was approved by shareholders of Archimedes Tech SPAC Partners II Co. during an extraordinary general meeting held on October 16, 2026. To commemorate the listing, Forge Nano will ring the NASDAQ Opening Bell on October 28, 2026, at the NASDAQ MarketSite in New York City.

Several financial and legal institutions facilitated the deal:

• Lead capital markets advisor and PIPE placement agent: BTIG LLC
• Financial advisor and co-placement agent: Cohen & Company Capital Markets
• Legal counsel to Forge Nano: Paul Weiss Rifkind Wharton & Garrison LLP
• Legal counsel to Archimedes II: Loeb & Loeb LLP
• Investor relations advisor: Alliance Advisors Investor Relations

What the numbers show

While specific financial metrics such as revenue or EBITDA are not disclosed in this announcement, the structural shift from a private entity to a publicly traded company provides Forge Nano with enhanced liquidity and visibility. The dual focus on semiconductor equipment and battery materials creates a diversified revenue pipeline dependent on two high-growth industries: artificial intelligence infrastructure and electric vehicle/defense energy storage. The completion of the SPAC merger allows the company to fund its capital-intensive gigafactory and R&D initiatives through public equity markets rather than private debt or venture capital rounds alone.

Forge Nano Inc. marked the start of construction for a major expansion of its lithium-ion battery manufacturing facility in Morrisville, North Carolina, aiming to establish a secure domestic supply chain for defense and aerospace applications. The project is financed by up to $100 million in non-dilutive funding from the U.S. Department of Energy and reflects a collaborative effort to strengthen America’s domestic battery manufacturing base.

The expansion will transform the existing 100,000-square-foot operation into a campus approaching 315,000 square feet, creating more than 250 jobs in North Carolina. At full production, the facility will deliver approximately 3 gigawatt-hours (GWh) of annual battery cell manufacturing capacity. Manufacturing equipment delivery is scheduled over the next two years, with production expected to begin in 2028.

Strategic Partnership with Samsung SDI

A central component of the strategy involves a partnership with Samsung SDI, one of the world’s leading battery manufacturers. Samsung SDI provides operational expertise for high-throughput production and has entered into a conditional procurement agreement to purchase cells from the Gigafactory beginning in 2028. Forge Nano also serves as a contract manufacturer and authorized distributor of Samsung SDI battery cells in the U.S. market.

In July, Samsung SDI strengthened this alliance through a $20 million strategic investment in Forge Nano, comprising $10 million in Series D financing and $10 million in PIPE financing associated with the company’s planned public listing via Archimedes Tech SPAC Partners II Co. (NASDAQ: ATII).

What the Numbers Show

The disclosed capacity metrics highlight a specific focus on high-value, low-volume defense applications rather than mass-market consumer electronics. The 3 GWh annual capacity translates to approximately 150 million battery cells per year. However, the output potential varies significantly by product mix: it could support approximately 10–20 million drone batteries, 34,000 electric military vehicles, or 6 million BB-2590 radio batteries. This divergence suggests the facility is optimized for specialized defense contracts where security and supply chain integrity outweigh pure volume efficiency.

Regulatory Alignment and Workforce

The timing of the expansion aligns with new National Defense Authorization Act (NDAA) battery sourcing requirements taking effect in 2028, which increase the need for secure domestic sources of advanced battery cells. Forge Nano selected North Carolina for its advanced manufacturing ecosystem, skilled workforce pipeline, and logistical position within the Research Triangle.

U.S. Senator Ted Budd, Representative Deborah Ross, Morrisville Mayor TJ Cawley, and Assistant Secretary of the Department of Energy Audrey Robertson joined Forge Nano CEO Paul Lichty at the groundbreaking to underscore the national security implications of the project.