Fast Radius’ $17 Million Bankruptcy Sale to SyBridge Approved

Fast Radius Inc. won court approval to sell its digital manufacturing business out of bankruptcy to a SyBridge Technologies affiliate in a deal worth $17 million that’s expected to retain most of its workforce.

SyBridge Digital Solutions’s deal, which won the US Bankruptcy Court for the District of Delaware’s approval Monday, calls for a $13 million cash payment and assumption of Fast Radius’ liabilities. Job offers will be made to 132 Fast Radius employees, according to the parties.

Chicago-based Fast Radius filed for bankruptcy in November, less than a year after going public through a SPAC deal. The manufacturing software ...