“SPACs have really changed from the old days,” says Hindery, who will join Desktop Metal’s board of directors with the deal. “IPOs take longer, and they are not as fruitful in bringing in targeted investors.”
Fulop, a longtime proselytizer of additive manufacturing, bet five years ago that the way manufacturers make things was about to change as mass production with giant 3D printers, such as Desktop Metal’s, could begin to replace CNC machining and casting for numerous metal parts. Other companies, including HP, have also developed metal 3D printers for mass production.
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3D Printing Unicorn Desktop Metal To Go Public In Latest Deal With A Blank Check Company3D printing unicorn Desktop Metal will list on the NYSE in a merger with cable exec Leo Hindery's special-purpose acquisition company Trine Acquisition Corp. that will give it $575 million in cash for expansion.
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