Archimedes Tech SPAC Partners priced its upsized IPO of 12 million units at $10 each — an increase of 2 million more units than anticipated.
Units begin trading this morning on the Nasdaq under ATSPU. Each consists of one subunit and one-quarter of a redeemable warrant. Additionally, each subunit consists of one share of common stock and one-quarter of a redeemable warrant. Each full warrant is exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, subunits and warrants are expected to list under ATSPT and ATSPW, respectively.
The offering is expected to close March 15.
Archimedes will work to identify target businesses in the technology industry. Read more.
