Attached files

file filename
EX-23.1 - CONSENT OF MARCUM LLP. - Archimedes Tech Spac Partners Cofs12021a1ex23-1_archimedes.htm
EX-10.6 - FORM OF ADMINISTRATIVE SERVICES AGREEMENT - Archimedes Tech Spac Partners Cofs12021a1ex10-6_archimedes.htm
EX-10.5.2 - FORM OF SUBSCRIPTION AGREEMENT FOR PRIVATE UNITS BY EARLYBIRDCAPITAL, INC - Archimedes Tech Spac Partners Cofs12021a1ex10-5ii_archimedes.htm
EX-10.5.1 - FORM OF SUBSCRIPTION AGREEMENT FOR PRIVATE UNITS BY ARCHIMEDES TECH SPAC SPONSOR - Archimedes Tech Spac Partners Cofs12021a1ex10-5i_archimedes.htm
EX-10.4 - FORM OF REGISTRATION RIGHTS AGREEMENT - Archimedes Tech Spac Partners Cofs12021a1ex10-4_archimedes.htm
EX-10.1 - FORM OF LETTER AGREEMENT FROM EACH OF THE REGISTRANT'S SPONSOR, INITIAL STOCKHOL - Archimedes Tech Spac Partners Cofs12021a1ex10-1_archimedes.htm
EX-4.5 - FORM OF WARRANT AGREEMENT BETWEEN CONTINENTAL STOCK TRANSFER & TRUST COMPANY AND - Archimedes Tech Spac Partners Cofs12021a1ex4-5_archimedes.htm
EX-4.3 - SPECIMEN WARRANT CERTIFICATE - Archimedes Tech Spac Partners Cofs12021a1ex4-3_archimedes.htm
EX-4.1 - SPECIMEN UNIT CERTIFICATE - Archimedes Tech Spac Partners Cofs12021a1ex4-1_archimedes.htm
EX-3.2 - FORM OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Archimedes Tech Spac Partners Cofs12021a1ex3-2_archimedes.htm
EX-1.1 - FORM OF UNDERWRITING AGREEMENT - Archimedes Tech Spac Partners Cofs12021a1ex1-1_archimedes.htm
S-1/A - REGISTRATION STATEMENT - Archimedes Tech Spac Partners Cofs12021a1_archimedestech.htm

Exhibit 5.1

 

Loeb & Loeb LLP

 

345 Park Avenue

New York, NY 10154-1895

 

Main

Fax

212.407.4000

212.407.4990

 

March 1, 2021

 

Archimedes Tech SPAC Partners Co.

2093 Philadelphia Pike #1968

Claymont, DE 19703

 

Re:  Archimedes Tech SPAC Partners Co.

 

Ladies and Gentlemen:

 

We have acted as counsel to Archimedes Tech SPAC Partners Co., a Delaware corporation (the “Company”), in connection with its filing of the Registration Statement on Form S-1, as amended prior to being declared effective (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”), with the Securities and Exchange Commission. The Registration Statement relates to an underwritten public offering and sale of (i) 10,000,000 units (the “Units”), comprised of (x) one subunit (the “Subunits”), consisting of one share of common stock of the Company, par value $.0001 per share (the “Common Stock”) and one-quarter of one warrant (the “Public Warrants”), and (y) one-quarter of one Public Warrant, where each whole Public Warrant entitles the holder to purchase one share of Common Stock at a price of $11.50 per share, and (ii) up to 1,500,000 Units (the “Over-Allotment Units”) for which the underwriters have been granted an over-allotment option.

 

The Public Warrants will be issued and sold pursuant to the terms of the Warrant Agreement, filed as an exhibit to the Registration Statement on Form S-1 (333-253108) (the “Warrant Agreement”).

 

In connection with this opinion letter, we have examined the Registration Statement and originals, or copies certified or otherwise identified to our satisfaction of the Company’s Amended and Restated Certificate of Incorporation and Bylaws, the Warrant Agreement, and such other documents, records and instruments as we have deemed appropriate for purposes of the opinion set forth herein. We have, to the extent deemed appropriate, relied upon certain representations of certain officers of the Company, as to questions of fact material to this opinion.

 

We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of the documents submitted to us as originals, the conformity with the originals of all documents submitted to us as certified, facsimile, or photostatic copies and the authenticity of the originals of all documents submitted to us as copies.

 

  1. Units. When the Registration Statement becomes effective under the Securities Act of 1933, as amended (the “Act”), and when the offering is completed as contemplated by the Registration Statement, such Units will be legally binding obligations of the Company, enforceable in accordance with their terms except: (a) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law); (b) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; (c) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought; and (d) we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided for in the Warrant Agreement.

 

 

 

 

2. Subunits. When the Registration Statement becomes effective under the Act, and when the offering is completed as contemplated by the Registration Statement, such Subunits will be legally binding obligations of the Company, enforceable in accordance with their terms except: (a) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law); (b) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; (c) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought; and (d) we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided for in the Warrant Agreement.

 

3. Common Stock. When the Registration Statement becomes effective under the Act when the offering is completed as contemplated by the Registration Statement (i) and when the Common Stock underlying the Units and Subunits is issued, such shares of Common Stock will be validly issued, fully paid and non-assessable, (ii) and when the Common Stock underlying the Public Warrants is issued and paid for in accordance with the terms of the Warrants and Warrant Agreement, such shares of Common Stock will be validly issued, fully paid and non-assessable.

 

4. Warrants. When the Registration Statement becomes effective under the Act and when the Public Warrants underlying the Units and Subunits are issued and delivered as part of the Units and Subunits, as contemplated by the Registration Statement, such Warrants will be legally binding obligations of the Company enforceable in accordance with their terms except: (a) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law); (b) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; (c) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought; (d) we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided for in the Warrant Agreement; and (e) we have assumed the Warrant Price (as defined in the Warrant Agreement) will not be adjusted to an amount below the par value per share of the Common Stock.

 

We are opining solely on (i) all applicable statutory provisions of Delaware corporate law, including the rules and regulations underlying those provisions, all applicable provisions of the Constitution of the State of Delaware and all applicable judicial and regulatory determinations, and (ii) the laws of the State of New York.

 

In addition, the foregoing opinions are qualified to the extent that (a) enforceability may be limited by and be subject to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law (including, without limitation, concepts of notice and materiality), and by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ and debtors’ rights generally (including, without limitation, any state or federal law in respect of fraudulent transfers); and (b) no opinion is expressed herein as to compliance with or the effect of federal or state securities or blue sky laws.

 

We hereby consent to the use of this opinion as an exhibit to the Registration Statement, to the use of our name as your U.S. counsel and to all references made to us in the Registration Statement and in the prospectus forming a part thereof. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder.

 

Very truly yours,  
   
/s/ Loeb & Loeb LLP  
Loeb & Loeb LLP