Fast Radius announced overnight that it is launching an in-court process to effectuate one or more strategic transactions and has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. The company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5. Fast Radius said it is in active discussions with one or more potential partners and continues to explore and evaluate strategic alternatives. Fast Radius will continue to operate its business as a "debtor-in-possession" under the jurisdiction of the bankruptcy court and in accordance with the applicable provisions of the U.S. Bankruptcy Code. The stock in
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