Archimedes Tech SPAC Partners Co. (ATSPU) Prices 12M Unit IPO at $10/Unit

March 11, 2021 6:11 AM EST

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Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU) announced today that it priced its upsized initial public offering of 12,000,000 units, at $10.00 per unit. The units will be listed on the NASDAQ Capital Market (“NASDAQ”) and will begin trading tomorrow, March 11, 2021, under the ticker symbol “ATSPU.” Each unit consists of one subunit and one-quarter of a redeemable warrant. Each subunit consists of one share of the Company’s common stock and one-quarter of a redeemable warrant. Each full warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the subunits and warrants are expected to be listed on NASDAQ under the symbols “ATSPT” and “ATSPW,” respectively. Assuming the Company consummates an initial business combination, the subunits will separate into the underlying shares of common stock and warrants, while the units and subunits will cease to trade.

The offering is expected to close on March 15, 2021, subject to customary closing conditions.

Archimedes Tech is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business industry or sector, it intends to concentrate its efforts on identifying businesses in the technology industry. The Company is led by Chairman Dr. Eric Ball, Chief Executive Officer & President Stephen Cannon, Chief Operating Officer Daniel Sheehan, Chief Financial Officer Long Long and advised by its special advisor, Brent Callinicos.

EarlyBirdCapital, Inc. is acting as sole book-running manager of the offering and I-Bankers Securities, Inc. is acting as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,800,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus.



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