按需制造服务提供商Fathom Digital Manufacturinghas announced the completion of its merger with Special Purpose Acquisition Company (SPAC)Altimar收购公司II。
Under the terms of the deal,CORE Industrial Partnersis set to remain the largest shareholder in the newly-combined firm, which has begun trading publicly for the first time under the ‘FATH’ ticker on the NYSE. Having previously estimated that the move would see itraise up to $80 million in funding, Fathom has now outlined plans to invest in “promising new technologies across the industry” moving forwards.
自从他们初始浮选以来，Fathom的股票的价值波动，从上市价格下调10.53美元至6.48美元，在7美元左右稳定之前。
“We are taking this step because we are a strong, profitable company, and believe our NYSE listing will accelerate Fathom’s growth, both organically and inorganically, by using our stock as a currency to advance our M&A strategy,” said Fathom CEO Ryan Martin. “These new technologies will enable us to serve our target markets with greater efficiency and responsiveness than ever before.”
Fathom Digital Manufacturing的IPO
基于哈特兰，威斯康星州，威斯康星州，通过其广泛的内部制造能力，威斯康星州威斯康星州的快速原型和低批量生产服务。该公司遍历其12个独立设施，提供超过25种不同的生产过程，从CNC加工和注塑成型到3D打印，使其能够解决防御，航空航天，医疗和汽车应用。
In order to market its services effectively, Fathom has established a专利在线引用平台, which allows users to instantly assess the cost of realizing uploaded designs, and the firm has continually invested in its software offering.
2018年2月期间，Fathom推出了一个open-source Crystallon plug-in为了Rhino和蚱蜢3d.modeling programs, an add-on specifically designed to meet users’ lattice design needs. Not long afterwards, the firm also began working withStratasysresellerGoingineer., in a move that saw the two combine their offerings with the aim ofaccelerating 3D printing’s cross-industry adoption。
从那时起，公司的努力似乎已经支付了股息，其中United States Marine Corpsusing its services to buildmodular logistics vehicles。更重要的是，Fathom一直在美国排名Inc 5000’sfastest-growing private firms, and following the completion of its IPO, CORE Industrial Partners’ John May says it has now “solidified its position at the forefront of the sector.”
“该公司独特的按需平台和多元化的产品非常适合今天厂商面临的挑战和机遇，”核心工业合作伙伴的创始人和管理合作伙伴表示。“我们为令人难以置信的增长和创新来说非常自豪，过去三年来达到了Fathom团队，我们很兴奋仍然是最大的最大投资者。”
“We are confident Fathom’s solid foundation will enable the company to achieve further success in the public markets.”
更好地访问250亿美元的市场？
Once approved by the shareholders of Altimar Acquisition, Fathom’s combination with its SPAC partner was concluded on December 23, 2021, paving the way for it to go public four days later. As part of the merger, it was agreed that the amalgamated firm will retain the ‘Fathom’ moniker, as well as its experienced CEO Ryan Martin, CFO Mark Frost, CCO Rich Stump and Board Chairman TJ Chung.
据估计，据宣布于7月202日7月宣布，该交易将使合并公司价值为15亿美元，并通过公共股权或“管道”每股10.00美元的私人投资，将其提高8000万美元。虽然Fathom尚未确认其股票是否吸引了投资者所需的兴趣，但据认为这一举措提出了迅速扩大其产品所需的资本。
In particular, the company says that broadening its portfolio allows customers to iterate their products more rapidly and better in-source to secure their supply chains, in a way that continues to “secure it new business wins” with large clients, and creates a “long runway for growth in the fragmented $25 billion low-to-mid volume manufacturing market.”
“This transaction allows us to continue to invest in Industry 4.0 to further solidify our market leading position and to better serve our customers through our expanding state-of-the-art capabilities,” said Chung. “Fathom’s highly experienced leadership team has successfully leveraged CORE’s knowledge and experience to get us to where we are today, and we’re excited at the prospects of what’s to come.”
3D printing’s SPAC-merging trend
自从台式金属在纽约证券交易所上市通过SPAC合并于2020年代后期，3D印刷业一直避开了寻求同样利用的公司对该技术的公众利益，作为向投资者提供资金的手段。
Just last month, industrial 3D printer manufacturerEssentium透露，它太计划通过与SPAC合并，在将合并公司的交易中偿还约9.74亿美元。在第1季度2022年底设置，交易可以看到生成的企业筹集3.46亿美元的资金, which it plans to plow into driving its organic growth.
Fathom’s IPO also follows similar moves from形状和Velo3D, which are both now listed on the NYSE as well, aftercompleting their respective SPAC mergersin November 2021. While the former raised $103 million in gross proceeds from its transaction, the latter landed around $274 million, funding it now intends to use to expand in Europe and back the launch of its蓝宝石XC.系统。
Elsewhere, the likes ofXometry选择通过更多传统手段和公司公开conducted a $252 million IPOwithout SPAC involvement in June 2021. Using the funding raised through the transaction, the firm has since gone on toacquire Thomas for $300 million, in a deal that’s expected to significantly expand upon its buyer and seller base.
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Featured image shows a selection of 3D printers installed at one of Fathom’s facilities. Photo via Fathom Digital Manufacturing.
