By Katherine Hamilton
Archimedes Tech SPAC Partners III filed for an initial public offering.
The company plans to offer 20 million units for $10 apiece. Each unit consists of one share and one-fourth of a redeemable warrant, where each whole warrant entitles the holder to buy a share for $11.50.
Archimedes III expects proceeds to be about $189 million, including underwriting discounts and commissions.
Some of the management team are involved with Archimedes II, which completed its IPO in February and is in the process of a business combination.
Archimedes I merged with SoundHound AI in April 2022 for its public offering.
Eric Ball is chair nominee of Archimedes III and chair of Archimedes II. He is a founding general partner of Impact Venture Capital, a Silicon Valley-based venture firm investing in early-stage AI startup companies.
Archimedes III plans to list its shares on Nasdaq under the ticker ARCI.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 23, 2025 17:04 ET (22:04 GMT)
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