Essentium, a pioneer in industrial additive manufacturing solutions, is poised to transform the future of supply chains and manufacturing through sustainable solutions across various global industries. The company’s highly advanced technology, including its High-Speed Extrusion (HSETM) 3D Printing Platforms, enables faster production with best-in-class printing speeds.

With an extensive IP portfolio, Essentium continuously innovates in the additive manufacturing industry with a commitment to eliminating over 70% of waste compared to traditional manufacturing and on-site printing to reduce heavy logistics requirements and carbon footprint; Essentium is set to become a public company through a merger with Atlantic Coastal Acquisition Corporation. This strategic move is backed by an extensive intellectual property portfolio of over 150 patents and the strong support of marquee global customers, including the U.S. Department of Defense (DoD). The merger is expected to close in the first quarter of 2022, and the combined company is anticipated to be listed on the Nasdaq under the ticker symbol “ADTV.”

The merger is valued at a $974 million pro forma enterprise, with an attractive valuation of 4.6x Essentium’s projected 2023E Revenue. Following the merger, Essentium aims to capitalize on its line-of-sight sales pipeline, execute its M&A strategy, and expand its ecosystem offerings. The merger with Atlantic Coastal Acquisition Corporation marks a crucial step towards Essentium’s goal of providing long-term, sustainable solutions for the manufacturing paradigm of the future.