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Altimar Acquisition Corp. II (NYSE: ATMR) announced that the SEC has declared effective its Registration Statement on Form S-4 for the proposed business combination with Fathom Holdco, LLC. A Special Meeting for Altimar shareholders is scheduled for December 21, 2021, to vote on the business combination. The deal includes lowering the minimum cash condition to $90 million and a backstop investment of $10 million by CORE Industrial Partners. Upon completion, the combined entity will trade under the name Fathom Digital Manufacturing Corporation (ticker: FATH).
Fathom Digital Manufacturing Corporation announced participation in the Baird 2021 Virtual Global Industrial Conference. Scheduled for November 10, 2021, at 4:55 p.m. ET, CEO Ryan Martin and CFO Mark Frost will present and hold one-on-one meetings. Fathom is a prominent on-demand digital manufacturing service provider, recently merging with Altimar Acquisition Corp. II (NYSE: ATMR). The company operates across 12 facilities, offering over 25 manufacturing processes, and has a national footprint of nearly 450,000 square feet of capacity.
Fathom Digital Manufacturing has formed a commercialization partnership with Evolve Additive Solutions to enhance the adoption of Selective Thermoplastic Electrophotographic Process (STEP) technology for on-demand manufacturing in North America. This innovation aims to produce thermoplastic parts significantly faster than traditional methods, reducing lead times from months to days. The partnership addresses global supply chain challenges and leverages Fathom's 25 manufacturing services across 12 locations. This strategic move aligns with the ongoing trend towards increased efficiency and sustainability in manufacturing.
Fathom Digital Manufacturing Corporation and Altimar Acquisition Corp. II (NYSE: ATMR) have agreed to merge, enabling Fathom to become a publicly-traded entity. The transaction, valued at $1.5 billion, will be funded by ATMR's cash in trust and a fully committed $80 million PIPE at $10.00 per share. Fathom, a leader in on-demand digital manufacturing with over 35 years of experience, aims to capitalize on a $25 billion market. The deal is expected to enhance Fathom's ability to pursue organic and inorganic growth opportunities, supported by its management team and advanced manufacturing capabilities.
