3DExpress: Shapeways Declares Bankruptcy

It has been a particularly interesting week for additive manufacturing. Between the end of RAPID + TCT and the huge announcements that we saw (including Nano Dimension’s intention to acquire Desktop Metal in the coming months), there was so much to keep up with. But not to worry, that is what #3DExpress is for! For business, check out the news about Shapeways and its declaration of bankruptcy before as well as BASF Forward AM’s new independence from BASF. Then, for medical news, learn more about the new ceramic dental implant from Lithoz. Wrap up RAPID + TCT, learn about Creality’s new multicolor print. And don’t miss the latest 3D printing bicycle news from Scope. Have a great weekend and happy reading!

Shapeways Has Declared Sector 7 Bankruptcy

One of the biggest pieces of news to come out of this week was undoubtedly Shapeways declaring bankruptcy and completely ceasing operations under the provisions of Chapter 7 of Title 11 of the United States Code. Since the company went public via an SPAC merger in 2021, it has been one of those that has suffered severely from a turbulent stock market, with shares have been plummeting ever since. Indeed, back in February, the company auctioned off its Desktop Metal printers and though at the time was seen more for the negative impact for DM, it was also a clear sign of the struggles of the company. As of right now, according to the company’s Form 8-K, all Shapeways C-level executives and directors have resigned and it seems that all other staff have been laid off and a Chapter 7 trustee will be appointed to administer the company’s bankruptcy estate. A sad if not entirely shocking news for the 3D printing service bureau.