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Fathom Digital To Go Public Via SPAC Deal - Quick Facts

Fathom Digital Manufacturing Corp., an industry leader in on-demand digital manufacturing services, and Altimar Acquisition Corp. II (ATMR), a special purpose acquisition company sponsored by an affiliate of HPS Investment Partners, LLC, announced Friday that they have entered into a definitive business combination agreement, pursuant to which, Fathom and Altimar will combine. The deal values Fathom at approximately $1.5 billion.

Following the deal, Fathom will become a publicly-traded company, with the combined company expected to be listed on the New York Stock Exchange under the ticker symbol "FDMG."

The boards of directors of both Fathom and Altimar have unanimously approved the proposed transaction. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions, including approval of Altimar's shareholders.

Fathom is majority-owned by CORE Industrial Partners, a Chicago-based private equity firm focused exclusively on investing in North American manufacturing, industrial technology and services businesses. CORE will remain the company's largest shareholder.

Upon the closing of the proposed transaction, Fathom's senior management will continue to serve in their current roles. Fathom will continue to be led by Chief Executive Officer Ryan Martin. Mark Frost and Rich Stump will continue as Chief Financial Officer and Chief Commercial Officer, respectively.

Following the transaction, TJ Chung, Senior Partner at CORE, who has served on several public company boards, will continue to serve as Chairman.

The acquisition will be funded through a combination of Altimar's cash in trust and an $80 million fully committed common stock PIPE at $10.00 per share.

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