Atlantic Coastal Acquisition in a press release late Aug. 18 said it would redeem shares and liquidate, effective immediately.

The per-share redemption price will be approximately $10.40.

Atlantic Coastal in February 2022 terminated a proposed merger with Essentium, which makes industrial additive manufacturing solutions. The decision was mutual, the SPAC said at the time.

The SPAC raised $300 million in a March 2021 ipo. Read more.

Source: Atlantic Coastal Acquisition Shuts Down