Forge Nano Secures Additional $23 Million in PIPE Financing at $10.00 Per Share, Closes Series D with Samsung Investment Ahead of Public Listing

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โดย GlobeNewswire·Read original
Summary · why it matters

Forge Nano has secured an additional $23 million in PIPE financing, bringing total PIPE commitments to $123 million as it prepares for a NASDAQ listing via a merger with Archimedes Tech SPAC Partners II. All of the new PIPE commitments were priced at $10.00 per share. The financing includes a $20 million strategic investment from Samsung SDI, of which $10 million is part of the PIPE and $10 million is part of Forge Nano's Series D round. Forge Nano has also closed its Series D at $97 million, completing its pre-IPO capital formation. Assuming no shareholder redemptions, the public listing would deliver over $367 million in pro forma cash, combining approximately $244 million from the Archimedes II trust with the $123 million in PIPE commitments.

Impact on stocks 3

Financials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Samsung SDI
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▲ PositiveCapitalrelevance

Samsung SDI made a $20 million strategic investment in Forge Nano, indicating a positive strategic move.

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