Archimedes Tech Spac Partners Co. Announces Closing of Underwriters’ Over-Allotment Option in Connection With Its Initial Public Offering
New York, New York, March 19, 2021 (GLOBE NEWSWIRE) — Archimedes Tech SPAC Partners Co. (“Archimedes Tech” or the “Company”) (NASDAQ: ATSPU) announced today the closing of the issuance of an additional 1,300,000 units pursuant to the underwriters’ over-allotment option in connection with its initial public offering. The offering was priced at $10.00 per unit, generating additional gross proceeds of $13,000,000.The Company’s units began trading on the NASDAQ Capital Market (“NASDAQ”) on March 11, 2021, under the ticker symbol “ATSPU.” Each unit consists of one subunit and one-quarter of a redeemable warrant. Each subunit consists of one share of the Company’s common stock and one-quarter of a redeemable warrant. Each full warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share. Once...
