Archimedes Tech SPAC Partners III Co. completed an offering that raised $276 million through the sale of 27.6 million units at $10 per unit, the company disclosed. The transaction included the full exercise of the underwriters' over-allotment option, which added 3.6 million units to the offering.
Units of the blank-check company began trading on the NASDAQ stock market on January 23, 2026, under the symbol ARCIU. The offering was formally completed on January 26, 2026, following the registration statement being declared effective by the Securities and Exchange Commission on January 22, 2026.
Each unit issued in the offering is composed of one ordinary share and one-quarter of a redeemable warrant. Once issued as whole instruments, the warrants will permit holders to acquire ordinary shares at a price of $11.50 per share. The company has indicated its expectation that the ordinary shares and warrants will trade separately on NASDAQ under the symbols ARCI and ARCIW, respectively.
BTIG, LLC acted as the sole book-running manager for the offering. Legal counsel to the company was provided by Loeb & Loeb LLP and Walkers (Cayman) LLP, while White & Case LLP represented the underwriters.
Archimedes Tech SPAC Partners III is organized as a blank-check company formed to seek business combinations. Its stated search focus is on targets within the technology industry, with particular attention to businesses involved in artificial intelligence, cloud services and automotive technology.
The information in this report is based on a company press release. The registration and offering mechanics, including the composition of units, exercise price for warrants and ticker expectations, were disclosed as part of the offering documentation approved by the SEC prior to completion.
Context and implications
As a blank-check company, Archimedes Tech SPAC Partners III has raised capital specifically to pursue mergers or acquisitions in targeted technology segments. The structure of the units, with fractional warrants bundled at IPO and the plan for separate trading of shares and warrants, follows common SPAC listing practices and preserves flexibility for investors regarding equity and warrant positions.