Galileo Acquisition said the SEC has declared effective Galileo’s registration statement on Form S-4 outlining the SPAC’s proposed business combination with digital manufacturing company Shapeways. Galileo set a Sept. 28 meeting for shareholders to vote on the deal.
The business combination is expected to deliver up to $195 million (assuming no redemptions by Galileo stockholders) of gross proceeds to Shapeways, including a $75 million fully committed common stock PIPE.
If approved, Shapeways stock and warrants are expected to list on the NYSE under SHPW and SHPW WS. Read more.
