Forge Nano Breaks Ground on U.S. Battery Gigafactory Ahead of NASDAQ Listing

Key Facts

In a move aimed at strengthening domestic supply chains for critical industries, Forge Nano has commenced construction on an expanded lithium-ion battery manufacturing facility in Morrisville, North Carolina. The company targets an annual production capacity of 3 GWh, focusing on defense and artificial intelligence applications. Furthermore, Forge Nano has officially signed a merger agreement with Archimedes Tech SPAC Partners II Co., which is listed on the NASDAQ under the ticker ATII.

This industrial expansion relies on a strategic partnership with Samsung SDI, which will provide the necessary manufacturing expertise and commercial support for the project. According to reports, the facility aims to bridge the domestic battery production gap to support military vehicles and energy storage systems. This development occurs as U.S. firms seek to reduce reliance on external suppliers within the renewable energy and advanced technology sectors.

Based on available data as of August 19, 2026, updated trading prices for the instrument are unavailable due to the nature of the transaction as a SPAC merger. Investors should monitor developments regarding the completion of the merger with ATII as a primary future catalyst. Regarding the economic calendar, no direct events related to the company appear in the coming days, leaving the focus on the timeline for the public listing completion.