Ark Funds have been big proponents of scooping up shares of companies associated with 3D printing and digital manufacturing.
What Happened: On Wednesday, .
3D-printing marketplace Shapeways set for SPAC
Shapeways this morning confirmed earlier reports that it has entered into a deal to go public via SPAC. The model, which has become increasingly popular among tech companies in the past year, has already been taken up by a number of fellow 3D-printing companies, including Markforged and Desktop Metal.
“Our vision to enable anyone to rapidly transform digital designs to physical products is reaching a significant milestone today as we transition Shapeways into a public company,” CEO Greg Kress said in a release tied to the news. “We have been successfully executing on our vision, and this capital will allow us to empower digital manufacturing at scale, accelerating Shapeways’ additive manufacturing capabilities while expanding the Company’s material and technology offerings to more markets and industries.”