Fast Radius, Inc.: M&A transaction — Fast Radius completes asset sale to SyBridge; no proceeds for common stock

Fast Radius, Inc.

Asset sale to SyBridge Digital Solutions LLC completed Dec 16, 2022 under Section 363 of U.S. Bankruptcy Code.
Bankruptcy Court approved sale Dec 12, 2022; purchase agreement dated Dec 8, 2022.
No proceeds for common stockholders after superpriority and secured lenders are paid.
Company changed name to Legacy FSRD, Inc. on Dec 16, 2022.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fast Radius, Inc.: Changed company name to Legacy FSRD, Inc. via amendment to Certificate of Incorporation (effective 2022-12-16).

Change: charter amendment
Effective: 2022-12-16

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On December 16, 2022, the Company filed an amendment to its Certificate of Incorporation (the “Certificate Amendment”) with the Secretary of the State of Delaware in order to change its name to “Legacy FSRD, Inc.”

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fast Radius, Inc. completed a disposition involving SyBridge Digital Solutions LLC (closed 2022-12-16).

Action: disposition
Counterparty: SyBridge Digital Solutions LLC
Closing: 2022-12-16

Exact text from the filing

Pursuant to the Purchase Agreement, the Asset Sale was consummated on December 16, 2022.

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Source: SEC EDGAR

accession 0001193125-22-307631

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