Fast Radius Inc (fka FSRDQ)

[geocam]

$FSRD I don't think there are much more left in the float. It is mostly owned by people and institutions that have to report if they sell, so a good amount is tied up in about 75% of the shares.

The 8k states there are 54,628,411/73,041,156 (74.79%) shares owned by Certain Beneficial Owners and Management 19.03% of which are owned by UPS and another 18.94% by Drive Capital. 73,041,156-54,628,411=18,412,745
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001832351/000119312522034631/d286122d8k.htm



So, 18M? Imma say 18M is float.

Someone paid ENNV over 300M to get this party started and the Market Cap is now 100M at the current price. There is definitely room to bounce back up from here. It's just who has the right float count.

As previously reported in the Current Report on Form 8-K filed by the Company with the SEC on February 7, 2022, ENNV held the Special Meeting on February 2, 2022. At the Special Meeting, ENNV stockholders considered and adopted, among other matters, the Merger Agreement. Prior to the Special Meeting, the holders of 31,512,573 shares of Common Stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.01 per share for an aggregate redemption amount of approximately $315.4 million (the “Redemptions”). The Redemptions occurred concurrent with the Closing of the Business Combination.

This close to what UPS and Drive have and probably includes the PIPE:
13,836,851+12,897,447+7,500,000=34,234,298.

I think these particular shares are tied up for purpose of control. UPS seems to be looking at this as a way to offer Next Day Delivery of custom parts.

PIPE Investments

Concurrently with the execution of the Merger Agreement, ENNV entered into subscription agreements (collectively, the “Subscription Agreements”), with certain third-party investors, including, among others, UPS, Palantir and the Sponsor (the “PIPE Investors”), pursuant to which the PIPE Investors agreed to subscribe for and purchase, and ENNV agreed to issue and sell, to the PIPE Investors an aggregate of 7,500,000 shares of Common Stock (the “PIPE Shares”) for a purchase price of $10.00 per share, or an aggregate purchase price of $75.0 million, in a private placement (the “PIPE Investment”). Under the Subscription Agreements, the Company granted certain registration rights to the PIPE Investors with respect to the PIPE Shares. The PIPE Shares were issued concurrently with the Closing of the Business Combination on the Closing Date. A description of the Subscription Agreements is included in the Final Proxy Statement/Prospectus in the section titled “Other Agreements—Subscription Agreements” on page 281 of the Final Proxy Statement/Prospectus.

https://www.ups.com/us/en/supplychain/solutions/3d-printing.page

Industrial 3D Printing

They say in the future you’ll be able to engineer a new design today, and get a prototype delivered by morning. Wait! We can do that for you now. Produce single and small-batch parts-on-demand with centralized industrial-grade 3D printing and next-day delivery within the United States. Welcome to the future.