secwatch.observer — SEC 8-K summary
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Issuer:     Fast Radius, Inc. (—)
CIK:        0001832351
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0000950170-22-026549
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fast Radius sells substantially all assets to SyBridge for ~$15.85M; no proceeds for common stock holders
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- Asset Purchase Agreement signed with SyBridge Digital Solutions for ~$15.85M total consideration ($13.321M cash, $0.45M receivables, assumed liabilities).
- Bankruptcy Court approved sale on Dec 12, 2022; closing expected on or around Dec 16, 2022.
- After paying superpriority lenders, secured lenders, and other liabilities, no proceeds available for common stock holders.
- Sale conducted under Section 363 of Bankruptcy Code; Fast Radius filed Chapter 11 on Nov 7, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832351/000095017022026549/0000950170-22-026549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832351/000095017022026549/fsrd-20221208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026549

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