Essentium failed to go public via a SPAC merger with Atlantic Coastal Acquisition in a $974m.

Essentium, a developer of innovative industrial 3D printers and materials, failed to go public via a SPAC merger with Atlantic Coastal Acquisition in a $974m. Investors in PIPE included BASF, Atalaya and Apeiron. “We appreciate the Atlantic Coastal team’s support and guidance throughout this process, and we are disappointed that market conditions prevented the parties from consummating this agreement. We will continue to leverage the strength of our additive manufacturing technology and product system validated by the Department of Defense to continue to advance additive manufacturing globally," Blake Teipel, Essentium CEO.