Digital manufacturing and supply chain company Fast Radius Inc. said Monday it will be acquired by special-purpose acquisition company (SPAC) ECP Environmental Growth Opportunities Corp. (NASDAQ:ENNV) in a deal that values the Chicago-based company at $1.4 billion.
The transaction, which is expected to close in the fourth quarter, attaches a $995 million enterprise value to the combined company, with an additional $445 million in cash pumped in. The cash proceeds consist of $345 million held by...
https://www.freightwaves.com/news/spac-acquires-cloud-manufacturing-firm-fast-radius