Archimedes Tech SPAC Partners III Co. IPO - What You Need to Know

Hey there! Thinking about putting some money into Archimedes Tech SPAC Partners III Co. when it goes public? This guide is based on their preliminary filing with the SEC on December 23, 2025. That's a smart move to do your homework first. This isn't your typical company IPO, so let's break down what you really need to understand in plain, simple language. Think of me as your friend explaining it over coffee.

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1. What does this company actually do? (in plain English)

Okay, so this is the first big difference. "Archimedes Tech SPAC Partners III Co." isn't a company that makes gadgets, sells software, or offers services right now. It's what's called a SPAC (Special Purpose Acquisition Company), which is basically a "blank check" company.

Think of it like this: A group of experienced investors (the "sponsors") have created this company with one goal: to raise money from people like you, and then use that money to find and buy a promising private company. Once they buy that private company, the private company effectively becomes public through the SPAC.

So, right now, Archimedes Tech SPAC Partners III Co. doesn't do anything in terms of a business operation. Its "job" is to go shopping for another company to merge with.

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2. How do they make money and are they growing?

This is another unique point for a SPAC. Since it's just a shell company looking for a business to buy, it doesn't make money in the traditional sense (no sales, no profits from operations).

• How it "grows": Its "growth" isn't about increasing sales or profits. Instead, its value comes from the potential of finding a really great private company to merge with. If they find a fantastic company that investors believe will do well, then the SPAC's stock price might go up.
• Where the money comes from (for the SPAC itself): The money it uses to buy a company comes from investors like you who buy shares in the IPO. This money is usually held in a special trust account until they find a deal.

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3. What will they do with the money from this IPO?

When you invest in this IPO, your money doesn't go into building factories or developing new products for Archimedes Tech SPAC Partners III Co. Instead, they're looking to raise $200,000,000 from investors like you.

• Most of it goes into a trust account: The vast majority of this $200 million will be put into a special, secure bank account. This money is specifically earmarked to be used to buy the private company they eventually find.
• A small portion covers operating costs: A smaller amount will be used to cover the costs of running the SPAC itself – things like legal fees, accounting, and the expenses involved in searching for and evaluating potential target companies.

The main idea is that your investment is essentially "pre-funding" the acquisition of a future, currently unknown, private company.

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4. What are the main risks I should worry about?

Investing in a SPAC has some unique risks compared to a regular company:

• They might not find a good company (or any company!): This is the biggest one. If Archimedes Tech SPAC Partners III Co. can't find a suitable private company to merge with within a set timeframe (usually 18-24 months), they have to give your money back (usually around $10 per share, plus a tiny bit of interest). You won't lose your initial investment, but you won't have made any money either, and you'll have missed out on other investment opportunities.
• They might find a bad company: Even if they find a company, there's no guarantee it will be a successful business. If the acquired company struggles, your investment could lose value.
• "Dilution" from founder shares and warrants: The people who started the SPAC (the "sponsors") usually get a chunk of shares at a very low price, and often investors also get "warrants" (the right to buy more shares later at a set price). These can reduce the value of your shares if the company does well, because there will be more shares outstanding.
• Management incentives: The SPAC's management team makes a lot of money if they complete a deal, even if it's not the best deal. Their incentives might not always perfectly align with what's best for you, the everyday investor.
• SPACs can be trendy: The popularity of SPACs can go up and down. If the overall market loses interest in SPACs, it could affect the stock price, even if the underlying deal is good.
• Less detailed reporting (Emerging Growth Company status): Archimedes Tech SPAC Partners III Co. is classified as an "emerging growth company" and a "smaller reporting company." This means they can sometimes provide less detailed financial information and have fewer reporting requirements than larger, more established public companies. While this can save them money, it might mean you have less information to go on as an investor.

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5. How do they compare to competitors I might know?

This is a bit different because Archimedes Tech SPAC Partners III Co. doesn't have direct business competitors like Apple vs. Samsung. Instead:

• Other SPACs are their "competitors": There are many other SPACs out there, and they are all looking for good private companies to merge with. So, Archimedes Tech SPAC Partners III Co. is "competing" with other SPACs to find the best deals.
• Traditional IPOs: A private company could also choose to go public the old-fashioned way (a traditional IPO) instead of merging with a SPAC. So, SPACs are one of several ways a private company can become public.

You won't compare this SPAC to a tech company like Google or a retail giant like Walmart. You'd compare it more to other SPACs that have similar management teams or target industries.

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6. Who's running the company?

This is super important for a SPAC! Since the company doesn't have a business yet, you're essentially investing in the team that's going to find and manage the acquisition.

• Meet the CEO: The company is led by Long Long, who serves as the Chief Executive Officer.
• Where they're based: While their main U.S. office is in Claymont, DE, the company itself is officially incorporated in the Cayman Islands. This is a common setup for SPACs.
• What to look for (and research yourself): The preliminary filing doesn't go into deep detail about the full management team's past successes or specific expertise beyond the CEO. For a SPAC, it's crucial to research the "sponsors" – the key people behind it. What's their track record in finding and growing successful companies? Have they managed other SPACs, and how did those perform? Given the name "Archimedes Tech," they're likely targeting a tech company, so their experience in that sector is key. You're betting on their ability to pick a winner.

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7. Where will it trade and under what symbol?

The preliminary filing doesn't specify the exact stock exchange or ticker symbol yet. However, SPACs typically list on major exchanges like NASDAQ or NYSE. When it does, it will have a unique ticker symbol, often followed by "U" for "units" initially. For example, it might be something like "ATSPU".

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8. How many shares and what price range?

• Number of Units: They plan to offer 20,000,000 units in this IPO.
• Typical SPAC IPO Price: Based on the total amount they aim to raise ($200,000,000) and the number of units, each unit is priced at the common starting point of $10.00 per unit.
• Units explained: When a SPAC first goes public, you often buy "units." Each unit usually includes one share of common stock and a fraction of a "warrant" (which gives you the right to buy another share later at a set price). After a while, these units usually split into separate common shares and warrants that trade independently.

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There you have it! A quick rundown of what to keep in mind for Archimedes Tech SPAC Partners III Co. Remember, always do your own research and consider if this type of investment fits your personal financial goals and risk tolerance. Good luck!