A 3D printing hub with dreams of push button manufacturing ends up in a fire sale

CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that the United States Bankruptcy Court of the District of Delaware has approved the sale of a majority of the Company’s assets to SyBridge Technologies.SyBridge Technologies’ bid maximizes value and minimizes the remaining duration of the Company’s restructuring by providing a clear path forward for the Debtors to consummate a chapter 11 plan and return value to their customers and other creditors.The transaction is expected to close later this week.Court filings and other information related to the proceedings are available on a separate website administered by the Company's noticing agent, Stretto, at https://cases.stretto.com/fastradius or by calling Stretto representatives toll-free at 1-877-361-4291 or 1-714-384-7055 for calls originating outside of the U.S.DLA Piper LLP (US) is serving as legal advisor to the Company, Lincoln International is serving as its investment banker, and Alvarez & Marsal is serving as its financial advisor.ABOUT FAST RADIUSFast Radius, Inc. is a cloud manufacturing and digital supply chain company. The Fast Radius Cloud Manufacturing Platform™ provides software applications and manufacturing solutions that help engineers design, make, and fulfill commercial-grade parts, when and where they are needed. This enables companies to manufacture and ship parts easily, flexibly, and sustainably