Altimar Acquisition Corp. II (NYSE:ATMR) announced this afternoon that its shareholders approved its combination with on-demand manufacturing firm Fathom in a special meeting held earlier today.
A total of 31,487,038 ordinary shares, representing approximately 73.02% of the outstanding ordinary shares entitled to vote, were present at the special meeting.
The 8-K did not disclose redemption figures but, ATMR went into the vote with at least some risk having traded below $10 since April. Following close, the combined company is expected to trade on the NYSE under the symbol “FDMG”.
The parties initially announced the $1.5 billion combination on July 16. The Hartland, Wisconsin-based company is one of the largest on-demand digital manufacturing platforms in North America with 450,000 square feet of manufacturing capacity across 12 facilities.
All measures on the company’s ballot, such as the equity incentive plan, organizational documents, and the employee stock purchase plan, passed by large margins. For full vote tallies, click here.
ADVISORS
- J.P. Morgan Securities LLC and Stifel are serving as joint financial advisors to Fathom.
- Winston & Strawn LLP is serving as legal counsel to Fathom.
- J.P. Morgan Securities LLC and Stifel are serving as joint placement agents and capital markets advisors to Altimar.
- Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Altimar.
- Mayer Brown LLP is serving as legal counsel to the placement agents.
- BofA Securities, Needham & Company, LLC and Craig-Hallum Capital Group LLC are acting as capital markets advisors to Altima
In January 2025, SPAC teams continued extending beyond their third round, with one SPAC notably reaching its seventh extension vote as they searched for suitable deals. The month saw five announcements, marking the highest level in recent months, while only four SPACs held completion votes. Extension Votes In January, 14 extension votes were scheduled, representing...
At the SPAC of Dawn February is set to start with the jolt of a new potential trade war in North America. While some observers had expected tough trade action on China, the incoming administration’s decision to begin with 25% tariffs on the US’ biggest trading partners and neighbors, Mexico and Canada, and tariffs of...
Terms Tracker for the Week Ending January 31, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week saw three new SPAC IPOs price, bringing the January and year-to-date IPO count to eight and underlining an active start to 2025....
The shortest month of the year nonetheless features new liquidity events for nine SPAC sponsors and 10 de-SPACs that at least a trio of which can be excited about. The de-SPACs being released from lock-ups this month with most to gain will also in most cases be the ones that will have to wait until...
Fifth Era Acquisition Corp I (NASDAQ:FERAU) has filed for a $200 million SPAC to potentially make another run at a blockchain or crypto transaction after the team’s first attempt fell short of sealing a deal. The new SPAC is offering investors a right to a 1/10 share in each unit, but it is not overfunded...