BASF's Forward AM division has acquired BASF's additive manufacturing business, inclusive of the Sculpteo service business, and will move forward as Forward AM Technologies.
Despite having 6 months to organically raise the value of its stock back above the 1.00 USD mark for a consecutive 30-day period, Desktop Metal has been forced to effect a reverse stock split.
British private equity and VC form West Hill Capital has led the round extension, with contributions coming from a family-owned dental company, Quantica management, and Korean VC Big Bang Angels.
The company's current investor is unable to provide the funds that will allow the company to qualify its Apium P400 3D printer for the medical market, the sector Apium is hoping to pursue moving forward.
The funding will help Orbex ramp up the development of its Prime 19-metre-long, two-stage rocket, which has been designed to transport small satellites into Low Earth Orbit.
Velo3D has closed its recently announced ‘reasonable best efforts’ public offering of 34,285,715 shares of common stock and warrants, raising approximately 12 million USD.
MatterHackers has now established a strategic collaboration with Formlabs, which the company believes will propel its customers ‘into new and growing sectors of manufacturing and production.'
