VLD - SPAC Atlantic Coast ticks higher on report of talks to take Essentium public

SPAC Atlantic Coast Acquisition (NASDAQ:ACAH) rose 0.3% on a report that it's in talks to take 3D printing solutions company Essentium public. The deal is expected to value the combined company at more than $900M, according to a Bloomberg report. Atlantic Coastal also working to raise additional funding through a PIPE. Essentium joins other 3-D printing companies that have agreed to public through SPACs including Desktop Metal (NYSE:DM), Velo3D (NYSE:VLD),  Shapeways (NYSE:SHPW) and Fathom Digital, which SPAC Altimer Acquisition II (NYSE:ATMR) agreed to take public in July.  Recall March, Atlantic Coastal Acquisition prices $300M SPAC IPO, units begin trading.

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SPAC Atlantic Coast ticks higher on report of talks to take Essentium public