Archimedes Tech SPAC Partners III Co. Announces the Upsized Pricing of $240 Million Initial Public Offering
Globenewswire·2026-01-23 17:00

Company Overview - Archimedes Tech SPAC Partners III Co. is a special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on mergers and acquisitions in the technology sector, particularly in artificial intelligence, cloud services, and automotive technology [5]. Initial Public Offering (IPO) Details - The company announced an upsized initial public offering of 24,000,000 units at a price of $10.00 per unit, resulting in total gross proceeds of $240 million [1]. - Each unit consists of one ordinary share and one-fourth of a redeemable warrant, with each whole warrant allowing the purchase of one ordinary share at $11.50 [1]. - The units are expected to trade on Nasdaq under the ticker symbol "ARCIU" starting January 23, 2026, with ordinary shares and warrants trading under "ARCI" and "ARCIW," respectively, once separated [1]. Underwriting and Legal Counsel - BTIG, LLC is acting as the sole book-running manager for the offering, while Loeb & Loeb LLP and Walkers (Cayman) LLP are serving as legal counsel to the company, and White & Case LLP is legal counsel to the underwriters [2]. Additional Offering Information - The company has granted the underwriter a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments [2]. - The offering is expected to close on January 26, 2026, subject to customary closing conditions [2]. Regulatory Compliance - A registration statement for the securities sold in the IPO was declared effective by the U.S. Securities and Exchange Commission (SEC) on January 22, 2026, and the offering is being made only by means of a prospectus [3].

Archimedes Tech SPAC Partners II Co-Archimedes Tech SPAC Partners III Co. Announces the Upsized Pricing of $240 Million Initial Public Offering - Reportify