The BASF and Materialise-backed 3D printing equipment and services provider is set to get a Nasdaq listing through the transaction.

Essentium, a US-based additive manufacturing technology developer Essentium backed by chemicals producer BASF and 3D printing software provider Materialise, agreed on Wednesday to list through a reverse takeover.

Essentium is joining forces with Atlantic Coastal Acquisition Corporation, a special purpose acquisition company that floated on the Nasdaq Capital Market in a $300m initial public offering in February this year, at a $974m pro forma valuation.

The deal includes $345m in cash held by Atlantic Coastal, whose team is also…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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