Archimedes Tech SPAC Partners Co. (NasdaqCM:ATSP.U) announced a private placement of 350,000 units at a price of $10 per unit for gross proceeds of $3,500,000 on January 15, 2021. The transaction will include participation from Archimedes Tech SPAC Sponsors LLC and EarlyBirdCapital Inc., Investment Arm. Each unit consists of one subunit and one-half of a warrant. Each such subunit, will consist of one share of our common stock or private shares, and one-quarter of a warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. The securities to be issued will not transfer, assign or sell any of the securities until the completion of the Company’s initial business combination. The company has granted over-allotment option to the underwriters  as part of the transaction. The company will issue additional 30,000 units for $300,000 if over-allotment option is exercised.