The US Bankruptcy Court for the Southern District of Texas has approved a deal that will see Arc Impact Acquisition Corp, based in New York, USA, acquire core businesses from Desktop Metal, Inc., for USD 7M.
Entities transferred in the sale include ExOne Americas LLC and ExOne Operating LLC, alongside Adaptive3D LLC, Adaptive 3D Technologies, Desktop Metal Operating, Inc, and Desktop Metal Securities Corporation. Intellectual property, manufacturing equipment, and customer contracts tied to these units also moved under Arc Impact’s control.
The transaction allows Arc Impact to take control of Desktop Metal’s binder jetting and advanced materials operations in the US, while excluding international subsidiaries and certain business units. The court-approved sale is reported to support the preservation of commercial relationships and continuity of business operations.