Atlantic Coastal Acquisition Corp - Ordinary Shares - Class A

NASDAQ:ACAH  
9.86
0.00 (0.00%)
Mergers / Acquisitions, Equity Financing / Related, Initial Public Offerings

Essentium To Become A Public Company Through Merger With Atlantic Coastal Acquisition Corp

Published: 12/01/2021 12:31 GMT
Atlantic Coastal Acquisition Corp - Ordinary Shares - Class A (ACAH) - Essentium, a Disruptive Advanced Manufacturing Ecosystem Provider, to Become a Public Company Through Merger With Atlantic Coastal Acquisition Corporation.
Atlantic Coastal Acquisition Corp - Combined Company is Expected to Have an Implied Pro Forma Enterprise Value of $974 Million.
Atlantic Coastal Acquisition Corp - Combined Company Will Retain Essentium Name and is Expected to Be Traded on Nasdaq Under New Ticker Symbol "adtv".
Atlantic Coastal Acquisition - Existing Essentium Shareholders, Including Basf Se, Rolling Over 100% of Their Equity Into Combined Company.
Atlantic Coastal Acquisition Corp - Deal Includes $345 Million Cash Held in Trust by Atlantic Coastal, Fully Committed Common Stock Pipe of Over $40 Million.
Atlantic Coastal Acquisition - Deal Includes Commitment by Affiliate of Atalaya to Co-tender for Up to 10 Million Shares From Redeeming Stockholders at Closing.
Atlantic Coastal Acquisition Corp - Atlantic Coastal's Management Team is Also Contributing $20 Million to Pipe.
Atlantic Coastal Acquisition - Following Closing, Existing Essentium Shareholders Expected to Hold About 64% Outstanding Shares.