- Digital manufacturer Fast Radius Inc is on the verge of closing a deal to go public via a $1.4 billion special-purpose acquisition company (SPAC) merger with ECP Environmental Growth Opportunities Corp (NASDAQ:ENNV), the Wall Street Journal reports.
- United Parcel Service Inc (NYSE:UPS) backed Fast Radius uses a cloud-based software platform and manufacturing techniques including 3-D printing to make unique parts, accelerating product and supply-chain development.
- Fast Radius is likely to generate $445 million in its SPAC deal and a $100 million private investment in public equity (PIPE).
- The PIPE is also likely to feature a forward-purchase agreement with Goldman Sachs Asset Management LP and UPS and Palantir Technologies Inc (NYSE:PLTR).
Singular Genomics Systems Q2 EPS $(1.18) Down From $(0.65) YoY
Singular Genomics Systems (NASDAQ:OMIC) reported quarterly losses of $(1.18) per share. This is a 81.54 percent decrease over losses of $(0.65) per share from the same period last year.
