Fast Radius Inc (fka FSRDQ)

[geocam]

$FSRD Palantir/UPS collaboration/stake in Fast Radius?

https://seekingalpha.com/news/3716217-cloud-manufacturing-firm-fast-radius-to-go-public-via-a-spac-merger-at-14-billion-valuation

Cloud manufacturing firm Fast Radius to go public via a SPAC merger at $1.4 billion valuation

• Fast Radius, a cloud manufacturing, and digital supply chain company, and ECP Environmental Growth Opportunities Corp. (NASDAQ:ENNV) inks an agreement that will result in Fast Radius becoming a publicly-listed company.
  
  
• The combined company will have an estimated post-transaction enterprise value of $995 million with an estimated equity value of $1.4 billion from the contribution of $445 million in gross cash proceeds from the transaction.
  
  
• Proceeds will consist of up to $345 million of cash held in ENNV's trust account (assuming no redemptions) and an additional $100 million fully committed private investment, including a $25 million forward purchase commitment from certain funds managed by Goldman Sachs Asset Management, L.P. Other investors in the PIPE include UPS, Palantir, ECP and other institutional investors.
  
  
• The net proceeds raised from the transaction will support Fast Radius' customer acquisition, software development, and micro-factory expansion.
  
  
• Fast Radius' growth strategy is projected to generate revenue and EBITDA of $635 million and $135 million, respectively, in 2025.