Fast Radius received approval from the United States Bankruptcy Court for the District of Delaware for its proposed sale and marketing procedures, including a bid deadline of December 5, 2022. The company is in active discussions with one or more potential partners and continues to explore and evaluate strategic alternatives, including from newly interested parties. "We are pleased to have received approval of the bid procedures. This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption," said Lou Rassey, Co-Founder and CEO of Fast Radius. "We are excited to continue existing discussions and initiate new ones with potential strategic investors, partners and acquirers as we move through this process."
Published first on TheFly
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