Company Overview - Archimedes Tech SPAC Partners III Co. is a special purpose acquisition company (SPAC) formed to effect mergers, share exchanges, asset acquisitions, and other business combinations, primarily focusing on the technology industry, particularly in artificial intelligence, cloud services, and automotive technology sectors [6]. IPO Details - The company announced the closing of its upsized initial public offering (IPO) of 27,600,000 units, which includes 3,600,000 units from the underwriters' over-allotment option, priced at $10.00 per unit, resulting in gross proceeds of $276,000,000 before deductions [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]. Warrant Information - Each whole warrant allows the holder to purchase one ordinary share at a price of $11.50 per share, with expectations for separate trading of ordinary shares and warrants under the symbols "ARCI" and "ARCIW," respectively [2]. Underwriters and Legal Counsel - BTIG, LLC is the sole book-running manager for the offering, while Loeb & Loeb LLP and Walkers (Cayman) LLP served as legal counsel to the company, and White & Case LLP acted as legal counsel to the underwriters [3].
Archimedes Tech SPAC Partners III Co. Announces Closing of Upsized $276 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option