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Archimedes Tech SPAC Partners III Co.
Archimedes Tech SPAC Partners III Co. was formed in 2021 as the third installment in a sequence of special-purpose acquisition companies backed by...
Archimedes Tech SPAC Partners III Co.
Archimedes Tech SPAC Partners III Co. was formed in 2021 as the third installment in a sequence of special-purpose acquisition companies backed by Chairman Eric Ball, a former Oracle treasurer, and CEO Long Long. The vehicle registered with the SEC to raise $150 million with an option for an additional $22.5 million via overallotment. The team framed its mandate around technology companies with enterprise value in the range of $600 million to $1.5 billion, a segment crowded with private firms that had outgrown venture rounds but hesitated over traditional IPO processes. The SPAC defined its hunting ground across multiple technology verticals, signaling interest in enterprise software, artificial intelligence, autonomous mobility, robotics, cybersecurity, and space technology. Archimedes III structured the vehicle with even-year auction-rate units containing one share of Class A common stock and one warrant. The prospectus specifically nodded to connections in Silicon Valley derived from Ball's tenure at Oracle and Long's background as a technology banker, positioning the team to access deals potentially overlooked by financial sponsors without the same network depth (per the firm's SEC filings, 2021). Archimedes III filed at a moment when SPAC issuance faced heightened regulatory attention from the SEC, making the path to completion more demanding than prior Archimedes vehicles had experienced. With 11 million shares proposed across the Nasdaq listing, the SPAC joined a cohort of technology-specific blank-check firms competing for targets in the overheated de-SPAC market. The broader Archimedes franchise traces to at least 2020 when Archimedes Tech SPAC Partners I Co. listed on Nasdaq, demonstrating the team's repeat-sponsor approach to the structure. Archimedes III's structure reflected the compressed timeline inherent to blank-check investing — typically a 24-month hunt window before the trust is returned to shareholders. The dual-class warrant architecture and focus on a specific enterprise-value collar distinguished it from the larger generalist SPACs that had begun to dominate headlines by 2021. The franchise design of sequential pools lets the team recycle its network and operational template without carrying the legacy of a single permanent vehicle, a pattern common among the most active serial SPAC sponsors.
General information
Firm type
Asset Manager
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Eric Ball
Chairman
Long Long
Chief Executive Officer and Director
Sector focus
Frequently asked questions
Who runs investment decisions at Archimedes Tech SPAC Partners III?
Investment decisions are led by Chairman Eric Ball and CEO Long Long. Ball is the former treasurer of Oracle, giving the SPAC a direct line into enterprise-technology networks. Long brings experience as a technology-focused investment banker. Both are listed as officers and directors in the firm's SEC filings.
What size target does Archimedes III seek?
The SPAC targets a technology business with an enterprise value between $600 million and $1.5 billion, per its 2021 registration statement filed with the SEC. This range puts it squarely in the late-stage venture-to-growth-equity segment, seeking companies that are too large for typical venture rounds but small enough that a traditional IPO may be unattractive.
How is Archimedes III related to other Archimedes SPACs?
Archimedes III is the third vehicle in a serial SPAC franchise. The first, Archimedes Tech SPAC Partners I Co., listed on Nasdaq and pursued similar technology-focused targets. Rather than managing a permanent pool of capital, the team recycles its network and operational blueprint across sequential blank-check vehicles.
What sectors does Archimedes III specifically target?
The SPAC's prospectus names several technology sectors: enterprise software, artificial intelligence, autonomous mobility, robotics, cybersecurity, and space technology (per the firm's SEC filings, 2021). This breadth accommodates the broad deal-sourcing remit of the team while concentrating within Ball's enterprise-technology domain.
How is the management team compensated?
Like most SPAC structures, Archimedes III uses a founder-share and warrant model. The sponsor holds pre-IPO founder shares and receives warrants aligned with deal completion. The precise economic split is detailed in the firm's 2021 registration statement filed with the SEC.
What happens to the funds if Archimedes III does not complete a deal?
If the SPAC fails to complete a business combination within the deadline — typically 24 months from IPO — the trust is liquidated and funds are returned to public shareholders. This timeline and redemption structure are standard across blank-check vehicles and are outlined in the firm's SEC filings.
What is Eric Ball's background beyond the SPAC?
Eric Ball served as treasurer at Oracle Corporation before leading the Archimedes SPAC franchise. That role placed him at the center of the enterprise-software ecosystem's financial architecture, including Oracle's internal investment decisions and external banking relationships. His network forms a core sourcing advantage for the Archimedes vehicles (public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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