Appleby advises Forge Nano on proposed US$1.6 billion de‑SPAC business combination

The US$1.6 billion transaction will result in Forge Nano becoming a publicly listed company on NASDAQ. Upon completion, the combined company will operate as Forge Nano, Inc., with its common stock and warrants expected to trade under the ticker symbols “NANO” and “NANOW”.

Forge Nano enables next‑generation semiconductor and battery technologies through its proprietary Atomic Layer Deposition (ALD) nanocoating platform, supported by more than 200 patents. Strategic investors include GM Ventures, Volkswagen, Air Liquide, Hanwha Aerospace and LG Technology Ventures. The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.

Appleby’s team was led by Asia Managing Partner David Bulley, with support from Senior Associate Alejandra Gonzalez Saucedo, Associate Mandy Qi and Legal Manager Kelly Tang in Hong Kong and Shanghai.

The cross-jurisdictional Appleby team worked with the New York office of Paul, Weiss, Rifkind, Wharton and Garrison LLP as lead counsel.