Shapeways files for bankruptcy and management team resigns

July 4, 2024

Shapeways offered a number of metal Additive Manufacturing production options, including Binder Jetting and PBF-LB (Courtesy Shapeways)
Shapeways offered a number of metal Additive Manufacturing production options, including Binder Jetting and PBF-LB (Courtesy Shapeways)

Shapeways Holdings, Inc, headquartered in New York City, USA, has ceased operations and filed for bankruptcy. All of the company’s subsidiaries were reported to have also ceased operations and filed voluntary petitions for bankruptcy relief.

Prior to the announcement, Shapeways’ digital manufacturing platform offered customers access to a range of manufacturing services, including Additive Manufacturing and traditional manufacturing processes. The company’s purpose-built software, a wide selection of materials and technologies, and global supply chain was intended to lower manufacturing barriers and speed delivery of products. Throughout its lifespan, the company has reportedly delivered over twenty-one million parts to a million customers in over 160 countries.

THE WORLD OF METAL AM TO YOUR INBOX
Subscribe to our weekly newsletter
Sign up

Bankruptcy was filed in the United States Bankruptcy Court for the District of Delaware. As a result of the bankruptcy filing, it was stated that a Chapter 7 trustee will be appointed by the Bankruptcy Court and will administer the company’s bankruptcy estate, including liquidating the assets of the company in accordance with the Bankruptcy Code. Once a Chapter 7 trustee is appointed, an initial hearing for creditors will be scheduled, and the Notice of Bankruptcy Case Filing will be sent to known creditors.

It was also announced that Greg Kress, the company’s Chief Executive Officer, Alberto Recchi, Chief Financial Officer, and Andy Nied, the company’s Chief Operating Officer, resigned as executive officers. Following the bankruptcy filing, neither the company nor any of its subsidiaries have officers or employees. Directors Leslie CG Campbell, Raj Batra, Ryan Kearny, Greg Kress, Christine Gorjanc, Alberto Recchi and Josh Wolfe also tendered their resignations as members of the company’s Board of Directors.

In 2021, Shapeways was acquired by Galileo Acquisition Corp., a publicly-traded special purpose acquisition company. Later that year, the company was listed on the New York Stock Exchange. In 2023 the company transferred its listing from the New York Stock Exchange to The Nasdaq Global Market. Also in 2023, Shapeways launched MFG Materials, offering a range of raw materials to manufacturers at discounted rates.

www.shapeways.com

Download Metal AM magazine

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • BMW Group: Laying the foundations for the application of metal Additive Manufacturing in the automotive industry
  • Predicting the metal Additive Manufacturing market – and breaking the hype cycle
  • China’s thriving metal Additive Manufacturing industry: An outsider’s perspective
  • Enhancing the productivity of Additive Manufacturing facilities through PBF-LB automation
  • Award-winning metal AM parts from the MPIF’s 2024 Design Excellence Awards
  • Performance of eddy currents for the in-situ detection of defects during PBF-LB metal AM

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap