Fast Radius Goes Bankrupt Less Than a Year After SPAC Merger

Fast Radius Inc., a manufacturing technology company, has filed for bankruptcy less than a year after going public through a merger with a blank-check company.

The company sought bankruptcy in Delaware late Monday, listing assets and liabilities of no more than $100 million each in its Chapter 11 petition. The filing allows Chicago-based Fast Radius to continue operating while it looks to sell itself and repay creditors.

The filing makes Fast Radius the latest ex-SPAC to fall into bankruptcy, following Electric Last Mile Solutions Inc. and Enjoy Technology Inc. in June. Fast Radius expected to raise as much ...