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Why Hartland-based Fathom is going public via SPAC│Ep. 80
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In mid-July, Hartland-based Fathom Digital Manufacturing Corp. announced plans to go public via a special purpose acquisition corporation or SPAC. On the latest BizTimes MKE Podcast, Fathom CEO Ryan Martin talks about why the company is going public and why a SPAC was the right vehicle to do it.
SPACs have received a lot of attention over the past year as a vehicle to take companies public without the same level of scrutiny involved in a traditional IPO, but Martin said Fathom is different from many of those businesses.
“I personally believe a lot of those companies, they’re based on very forward projections, based on a future state that at scale they’ll reach profitability and that their value proposition will eventually resonate with customers,” he said.
Going public will help give Fathom better brand recognition and afford it the ability to use its stock as currency in acquisitions, Martin said.
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