Forge Nano has secured $123 million in PIPE commitments:
Forge Nano has secured an additional $23 million in PIPE financing, bringing total PIPE commitments to $123 million, while successfully closing its $97 million Series D financing ahead of its planned NASDAQ listing. Highlights include: • $23M in new PIPE commitments priced at $10.00 per share • Samsung SDI invested $20 million, including $10M in the PIPE and $10M in the Series D • With approximately $367 million in pro forma cash (assuming no redemptions), Forge Nano expects to accelerate commercialization of its Atomic Layer Deposition (ALD) semiconductor equipment platform and expand domestic manufacturing of advanced lithium-ion battery materials. "This is a strong vote of confidence from both strategic and financial investors as we prepare to become a public company," said CEO Paul Lichty. As demand grows across AI semiconductor manufacturing and defense battery applications, this milestone strengthens Forge Nano's position to scale manufacturing and execute on its commercial pipeline. Read the full announcement: https://hubs.li/Q04pslKN0 #Manufacturing #Semiconductors #AI #BatteryTechnology #AdvancedMaterials #NASDAQ #CleanTech #Innovation
