Welcome to our dedicated page for Atlantic Coastal news (Ticker: ACAH), a resource for investors and traders seeking the latest updates and insights on Atlantic Coastal stock.
This page archives news coverage for Atlantic Coastal Acquisition Corp (ACAH), a Special Purpose Acquisition Company that previously traded on Nasdaq. Atlantic Coastal was formed as a blank-check company to pursue a business combination with an operating company.
The SPAC had planned to merge with Essentium, a company in the industrial 3D printing and additive manufacturing space. However, both parties mutually agreed to terminate the business combination agreement. Following this, the company faced Nasdaq compliance issues related to delayed regulatory filings, ultimately receiving a delisting determination.
Browse the historical news archive to understand the timeline of events surrounding Atlantic Coastal Acquisition Corp, including announcements about the proposed Essentium merger, the mutual termination of that agreement, and subsequent compliance notifications. This archive provides context for investors researching the SPAC's history or tracking legacy positions in their portfolios.
News coverage from Atlantic Coastal's active period includes updates on the proposed business combination, regulatory filings, and corporate announcements that shaped the company's trajectory as a public company.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) announced on April 21, 2022, that it received a notification from Nasdaq regarding non-compliance with listing requirements due to the late filing of its Annual Report on Form 10-K for the year ended December 31, 2021. The Notification, dated April 19, 2022, provides ACAH with 60 days to submit a compliance plan unless the 10-K is filed by June 20, 2022. ACAH filed the 10-K on April 20, 2022, which alleviates the immediate compliance issue.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) has mutually agreed to terminate its business combination agreement with Essentium, Inc., a leader in industrial additive manufacturing. The focus now shifts to finding a new business combination. Atlantic Coastal retains rights to future payments from Essentium, including a warrant to acquire a 5% stake at a valuation of
Essentium, Inc. announced its planned business combination with Atlantic Coastal Acquisition Corporation (NASDAQ: ACAH) during CES 2022. Dr. Elisa Teipel, Chief Development Officer, highlighted the limitless potential of industrial additive manufacturing in consumer electronics, emphasizing reduced lead times and decreased production costs. Essentium's High Speed Extrusion (HSE™) 3D Printing Platform aims to revolutionize manufacturing by enabling faster production and single-part assemblies. The company is AS9100D certified and ITAR registered, further emphasizing its reliability and commitment to advanced manufacturing.
