Item 8.01. Other Events.
Separate Trading of Units, Subunits and Warrants
On April 12, 2021, Archimedes Tech SPAC Partners Co. (the "Company") announced
that, commencing on April 14, 2021, the holders of units issued in its initial
public offering (the "Units"), each consisting of one subunit ("Subunit") and
one-quarter of one redeemable warrant of the Company ("Warrant"), with each
Warrant entitling the holder thereof to purchase one share of the Company's
common stock par value $0.0001 per share ("Common Stock") for $11.50 per share,
may elect to separately trade the Subunits and Warrants included in the Units.
The Units not separated will continue to trade on the Nasdaq Capital Market
under the symbol "ATSPU." The Subunits and Warrants are expected to trade on the
Nasdaq Capital Market under the symbols "ATSPT" and "ATSPW," respectively.
Holders of Units will need to have their brokers contact Continental Stock
Transfer & Trust Company, the Company's transfer agent, in order to separate the
Units into Subunits and Warrants. Each Subunit consists of one share of Common
Stock and one-quarter of one Warrant. The Subunits will not separate into shares
of Common Stock and Warrants unless and until the Company consummates an initial
business combination.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated April 12, 2021.
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