Fathom Digital Manufacturing Aims To Go Public Via $1.5B SPAC Merger With Altimar Acquisition Corp II

On-demand digital manufacturing services provider Fathom Digital Manufacturing Corporation agreed to go public via a special purpose acquisition company (SPAC) merger with Altimar Acquisition Corp II ATMR.
The transaction has a pro forma enterprise value of $1.5 billion. A combination of ATMR's cash in trust and an $80 million fully committed PIPE (Private Investment in Public Equity) at $10 per share will finance the transaction.
An HPS Investment Partners, LLC affiliate is the SPAC sponsor.
Fathom is majority-owned by CORE Industrial Partners, a Chicago private equity firm focused exclusively on North American manufacturing, industrial technology, and services businesses.
Fathom uses its proprietary software platform to seamlessly blend in-house capabilities across plastic and metal additive manufacturing technologies and advanced traditional manufacturing technologies.
Fathom will continue to be led by CEO Ryan Martin. Mark Frost will continue as the CFO. TJ Chung, Senior Partner at CORE, will continue to serve as Chairman.
Price action: ATMR shares traded higher by 1.18% at $9.87 on the last check Friday.