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BASF-Backed 3D Printer Essentium to Go Public Via SPAC Merger

  • Combined company to have enterprise value of $974 million
  • Essentium in talks to provide products to the U.S. Air Force
The BASF SE logo sits on a storage silo at the company's chemical plant on the River Rhine in Ludwigshafen, Germany, on Thursday, Aug. 13, 2020. 

The BASF SE logo sits on a storage silo at the company's chemical plant on the River Rhine in Ludwigshafen, Germany, on Thursday, Aug. 13, 2020. 

Photographer: Alex Kraus/Bloomberg

Essentium Inc., a provider of industrial 3D printing solutions, has agreed to go public through a merger with blank-check firm Atlantic Coastal Acquisition Corp.  

The transaction gives the combined company an enterprise value of $974 million, according to a statement, which confirmed an earlier Bloomberg News report.