Group 1 - Archimedes Tech SPAC Partners III Co. has announced the upsized pricing of its initial public offering (IPO) of 24 million units at an offering 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 one redeemable warrant, with each whole warrant allowing the holder to purchase one ordinary share at $11.50 per share [1] - The offering is expected to close on January 26, 2026, and the underwriter has been granted a 45-day option to purchase up to an additional 3.60 million units at the IPO price to cover over-allotments [3] Group 2 - The units are expected to trade on The Nasdaq Global Market under the ticker symbol "ARCIU" starting January 23, 2026, with ordinary shares and warrants expected to trade under the symbols "ARCI" and "ARCIW," respectively, once separate trading begins [2] - 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 serving as legal counsel to the underwriters [3]
Archimedes Tech SPAC Partners III Prices IPO Of 24 Mln Units At $10.00/unit