Fast Radius, Inc. filed an asset purchase agreement in the US Bankruptcy Court for the sale of its substantially all its assets on December 9, 2022. As per the agreement dated December 8, 2022, seeks the Court's approval for the sale of substantially all its assets to SyBridge Digital Solutions LLC, the successful bidder, for a purchase price of $13.32 million in cash and buyers' assumption of assumed liabilities. Under the terms of the asset purchase agreement, the buyer shall make a money deposit of $1 million in escrow account upon the execution of the agreement.

The buyer is represented by Alexander Rose of Crestview Partners and Alexander D. Fine and Matthew J. Williams of Gibson, Dunn & Crutcher LLP as its legal advisors and the debtor is represented by R. Craig Martin, Rachel Ehrlich Albanese and W. Benjamin Winger of DLA Piper LLP (US) as its legal advisors.