SyBridge Digital Solutions LLC agreed to acquire substantially all assets of Fast Radius, Inc. (OTCPK : FSRD.Q) for $15.8 million on December 8, 2022. The Purchase Agreement provides for total consideration of approximately $15,850,000 consisting of up to (i) $13,321,000 in cash, (ii) $450,000 of accounts receivable and (iii) the assumption of certain liabilities of Fast Radius. Under SyBridge, Fast Radius will build its digital manufacturing and software business and will go to market under the Fast Radius brand name. SyBridge intends to make offers of employment to a majority of current Fast Radius employees. The sale is subject to bankruptcy court approval, a hearing to approve the sale has been scheduled for December 12, 2022. On December 12, 2022 United States Bankruptcy Court of the District of Delaware has approved the sale. The deal is expected to close before the end of 2022. SyBridge was represented in the process by Fine, Alexander D. and Stamas, George P. of Gibson Dunn & Crutcher and CMD Global Partners. DLA Piper LLP (US) is serving as legal advisor, Erik Ellingson, Jesse Espinoza, Peter Gnatowski, Brian Goodwin and Brendan J. Murphy of Lincoln International LLC and Alvarez & Marsal are serving as financial advisor to Fast Radius, Inc.

SyBridge Digital Solutions LLC completed the acquisition substantially all assets of Fast Radius, Inc. (OTCPK : FSRD.Q) on December 16, 2022.