Archimedes Tech SPAC Partners Co. (ATSPU) Prices Upsized $120M IPO


Archimedes Tech SPAC Partners Co. (ATSPU) Prices Upsized $120M IPO

Archimedes Tech SPAC Partners Co. announced the pricing of its upsized $120 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATSPU”, Thursday, March 11.

The new company aims to combine with a technology target in artificial intelligence, cloud services or automotive technology. Archimedes Tech is led by Chairman Dr. Eric R. Ball, CEO & President Stephen N. Cannon, COO Daniel Sheehan, and CFO Long Long.

Total SPAC deal count for 2021 year-to-date is now 245. This offering is expected to close on Monday, March 15.

EarlyBirdCapital, Inc. is acting as the sole book-running manager for the offering with I-Bankers Securities, Inc. acting as co-manager. Loeb & Loeb LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.