When 3D printing mergers fall apart: Essentium SPAC fallout with Collider – 3DPrint.com


(3DPrint.com PRO is available to subscribers only)

Before investors pulled the rug out from under Special Purpose Acquisition Company (SPAC) mergers, 2021 was a banner year as 604 speculative deals raised $144 billion. The timing was critical for 3D printing companies, with many finding ideal opportunities to merge with publicly traded shell companies to go public. Among them was Essentium. Had the deal been finalized, the Texas-based industrial 3D printing solutions provider would have seen its valuation reach nearly $1 billion.

Like dozens of other companies, Essentium’s deal turned sour as the market soured in the second half of 2021. Essentium and SPAC, Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH), have decided to terminate the agreement and the startup’s plans for rapid expansion stalled. As a result, Essentium lost another contract. This time with Collider, a startup that officially came out of stealth mode in 2016 with its hybrid Programmable Tooling technology and Orchid 3D printer.

Subscribe to read the remaining PRO analysis.


Already subscribed?

You’re ready to receive premium content straight to your inbox twice a month.


Comments are closed.