Atlantic Coastal Acquisition in a press release late Aug. 18 said it would redeem shares and liquidate, effective immediately.
The per-share redemption price will be approximately $10.40.
Atlantic Coastal in February 2022 terminated a proposed merger with Essentium, which makes industrial additive manufacturing solutions. The decision was mutual, the SPAC said at the time.
The SPAC raised $300 million in a March 2021 IPO. Read more.
