TechCrunch: 3D Printing Company Essentium Set to Go Public Via SPAC

| The Essentium Team

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The world of additive manufacturing is not immune from the SPAC craze. Desktop Metal, Shapeways, Markforged and Velo3D have all either completed or announced plans to go public through the process. Austin-based Essentium this week highlighted plans to add its name to the growing list, courtesy of a reverse merger with Atlantic Coastal Acquisition Corporation.

The deal would value the combined companies at $974 million, including $345 million in cash, courtesy of Atlantic Coastal. Essentium cites ongoing supply chain issues as a motivating factor in growing interest around additive manufacturing/3D printing.

Read More: TechCrunch

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