Forge Nano (NANO) Investor presentation summary

Transaction and capital structure

• Proposed business combination with Archimedes Tech SPAC Partners II is expected to close in Q2 2026, subject to customary closing conditions.

• Implied pro forma enterprise value is $1,278M; pre-money equity valuation is $1,200M.

• Up to $200M common-equity PIPE at $10/share; expected $417M net cash at close assumes no redemptions, full PIPE and $20M of transaction costs.

• Existing shareholders roll 100% of their equity and retain 70.8% ownership at close; up to 90M earnout shares vest against share-price or TTM revenue milestones over 5 years.

Platform and semiconductor opportunity

• Atomic Armor applies ALD coatings to powders and device surfaces, creating uniform, ultrathin shells intended to improve material performance at commercial scale.

• Process claims include 10x faster cycle time, 10x higher throughput, 88x lower precursor use and >100x better aspect ratio than coating competitors.

• Semi ALD targets advanced-chip defects and 3D stacking; a hypothetical 1% yield increase at TSMC is estimated to add $2.3B–$2.6B in value.

• IP portfolio exceeds 200 patents, including issued, pending, provisional, invention disclosures and in-licensed IP.

Battery products and U.S. manufacturing

• Potential cell-level benefits include 19% higher capacity, 10-minute charging, 2–10x cycle life, 50% lower heat generation and 20% lower weight; benefits may not apply together to one product.

• Atomic Armor-coated batteries have powered a customer satellite since June 2021 and exceeded 2,500 charge/discharge cycles to date.

• Internal testing shows 303 Wh/kg and 5.6 Ah for the cell versus 204 Wh/kg and 4 Ah for Lishen LR2170SA; cells are stated to meet UN38.3 and UL1642 certifications.

• Planned U.S. plant capacity is 3.0 GWh/year, with full operation expected in 2027; stated facility cost is $300M including working capital, with a $100M DOE grant secured.