Shapeways Lands SPAC Deal, Announces Desktop Metal Partnership

The SPAC Deal: Shapeways, an end-to-end digital manufacturing company, announced a SPAC deal with Galileo Acquisition Corp GLEO 0.1%.

The deal values Shapeways at an enterprise value of $410 million. Included in the PIPE for the deal is additive manufacturing company Desktop Metal Inc DM 0.12%, which also went public via SPAC merger.

Current Galileo Acqusition shareholders will own 23% of the company if the merger is approved.