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The Latest SPAC News and Rumors: December 14, 2022


The Latest SPAC News and Rumors: December 14, 2022


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SkyBridge Technologies to buy Fast Radius’ assets, and Freights unit adds digital booking for North America LTL freight

SkyBridge Technologies to Buy Assets of Bankrupt 3D Printing Service Provider Fast Radius

Product design and manufacturing service provider SyBridge Technologies is set to acquire now-bankrupt 3D printing bureau Fast Radius’ (NASDAQ:FSRD) assets, it has been revealed.

With Sybridge Technologies’ fully-owned affiliate, SyBridge Digital Solutions, having won the bid for Fast Radius’ assets, it’s expected to take control of them by the end of the year. In doing so, the firm anticipates being better able to support customers throughout their entire product lifecycle, from design, engineering and prototyping to production.

Fast Radius completed its business combination with ECP Environmental Growth Opportunities in February 2022.


Freightos unit adds digital booking for North America LTL freight

North American freight forwarders now have the ability to comparison shop and make instant electronic bookings with less-than-truckload carriers through Freightos, a rapidly growing digital marketplace for international air and ocean shipments.

The development takes digital rate management to the next level and eventually will allow logistics companies to reserve air and ground delivery through a consolidated tool. 7LFreight, an Oregon-based company Freightos acquired this year, on Tuesday announced the launch of real-time booking with more than 140 LTL carriers such as Saia, Estes and AAA Cooper in its platform.

Freightos expects to be listed on the Nasdaq exchange next year after completing its sale to Gesher I (NASDAQ:GIAC).