Evidence for Many-Body States in NiPS$_3$ Revealed by Angle-Resolved Photoelectron Spectroscopy

We present $\mu$-ARPES spectra of the Mott-insulating van der Waals antiferromagnet NiPS$_3$. Signatures of strong correlations -- such as the onset of atomic or atomic-ligand multiplets and spin-orbit-entangled exciton have been observed in this material by various two-particle spectroscopies, but not previously in photoemission. Our measurements reveal a weakly dispersive feature at the valence-band edge that is absent in DFT+$U$ calculations and remains unchanged across the N\'eel transition. After critically examining and ruling out alternative interpretations, we show that an exact diagonalization of a NiS$_6$ cluster yields low-energy final-state configurations of mixed multiplet $d^7$ and $d^8\underline{L}$ character, whose energy differences are consistent with the observed additional feature. This implies that ARPES directly accesses local Ni-S multiplet physics in NiPS$_3$, revealing a many-body structure beyond mean-field theory. Our results confirm that NiPS$_3$ is an excellent model platform in which strong correlations, reduced dimensionality, and covalent metal-ligand bonding jointly shape both two- and single-particle spectroscopies, underscoring the need for a genuinely quantum many-body description of two-dimensional quantum materials.