SPAC Archimedes Tech SPAC Partners III files for a $200 million IPO, targeting AI and cloud services
January 23, 2026 News
SPAC Archimedes Tech SPAC Partners III prices upsized $240 million IPO
Archimedes Tech SPAC Partners III, a blank check company targeting AI, cloud services, and automotive tech, raised $240 million by offering 24 million units at $10. The company had originally planned to raise $200 million by offering 20 million units. Each unit consists of one share of common stock and one-quarter of one warrant, exercisable at $11.50.
IPO Overview
Archimedes Tech SPAC Partners III, a blank check company targeting AI, cloud services, and automotive tech, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10.00. Each unit consists of one share of common stock and one-quarter of one warrant, exercisable at $11.50.
Archimedes Tech SPAC Partners III is led by Chairman Eric Ball, a Founding General Partner at Impact Venture Capital. He is joined by CEO and Director Long Long, who spent a decade at IBM, most recently serving as Finance Controller for IBM China’s Consulting Business Unit and Sales Channels.
Management’s previous SPACs include Archimedes Tech SPAC Partners II （ATIIU; 5% from $10 offer price）， which raised $200 million in March, and Archimedes Tech SPAC Partners, which completed its business combination with voice AI company SoundHound AI （Nasdaq: SOUN; +10%） in April 2022.
The Claymont, DE-based company was founded in 2025 and plans to list on the Nasdaq under the symbol ARCIU. Archimedes Tech SPAC Partners III filed confidentially on October 8, 2025. BTIG is the sole bookrunner on the deal.
About the Company
Archimedes Tech SPAC Partners III is a blank check company incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. Further, while we may pursue a business combination target in any business, industry or geographical location, we intend to focus our search for businesses in the technology industry, and our focus will be on the artificial intelligence, cloud services and automotive technology sectors. We believe we are well positioned to find and attract an exciting technology business, and to help them as a newly public company grow and thrive, offering a partnership that extends far beyond our capital. Our management team’s deep operational experience, product experience, extensive networks, and track records as investors, advisors, and board members make us an attractive partner. We are dedicated to finding bold founders, operators, and inventors who are committed to building a leading business and would benefit from access to the public markets as well as working with our team. We have a proven track record of success in the technology industry as senior executives, investors and board members and are confident that we can partner with other founders, shareholder and management to help support building a category-defining business.