Welcome to our dedicated page for GLEOU news (Ticker: GLEOU), a resource for investors and traders seeking the latest updates and insights on GLEOU stock.
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Shapeways, a leader in digital manufacturing, has announced its merger with Galileo Acquisition Corp (NYSE: GLEO), valuing Shapeways at a $410 million pro forma enterprise value. Post-merger, the entity will operate as Shapeways Holdings, Inc. with a new ticker, SHPW. The transaction aims to leverage Shapeways’ proprietary software and expand its market reach across various industries. The merger is set to close in summer 2021, pending shareholder and regulatory approvals. Shapeways has delivered over 21 million parts globally and aims to tap into the growing digital manufacturing market.
