Archimedes Tech SPAC Partners III Co. Announces Closing of Upsized $276 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option

Group 1 - The Company, Archimedes Tech SPAC Partners III Co., successfully closed its upsized initial public offering of 27,600,000 units, generating gross proceeds of $276,000,000 at a price of $10.00 per unit [1] - The units began trading on Nasdaq under the ticker symbol "ARCIU" on January 23, 2026, with each unit consisting of one ordinary share and one-fourth of a redeemable warrant [2] - The Company is a special purpose acquisition company (SPAC) focused on pursuing business combinations primarily in the technology sector, particularly in artificial intelligence, cloud services, and automotive technology [6] Group 2 - BTIG, LLC acted as the sole book-running manager for the offering, with legal counsel provided by Loeb & Loeb LLP and Walkers (Cayman) LLP for the Company, and White & Case LLP for the underwriters [3] - The offering was conducted under a prospectus, with registration statements declared effective by the U.S. Securities and Exchange Commission on January 22, 2026 [4] - The Company intends to utilize the net proceeds from the offering for its search for an initial business combination, although specific uses are not guaranteed [7]