Samsung partners with US battery startup, seeking Pentagon funding support
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Forge Nano is currently in negotiations with the Pentagon’s Office of Strategic Capital for a loan of up to $275 million. At the same time, the company also plans to go public through a merger with a special purpose acquisition company (SPAC), with an implied valuation of approximately $1.2 billion. The company plans to build a new factory in North Carolina to produce battery cells for the U.S. defense and aerospace industries.
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