The new company aims to combine with a technology target in artificial intelligence, cloud services or automotive technology. Archimedes Tech is led by Chairman Dr. Eric R. Ball, CEO & President Stephen N. Cannon, COO Daniel Sheehan, and CFO Long Long.
Total SPAC deal count for 2021 year-to-date is now 245. This offering is expected to close on Monday, March 15.
EarlyBirdCapital, Inc. is acting as the sole book-running manager for the offering with I-Bankers Securities, Inc. acting as co-manager. Loeb & Loeb LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.