stocks have come under selling pressure amid concerns about the effects of a Chapter 11 bankruptcy filed last week from
provider of cloud-based manufacturing and supply chain software.
Fast Radius (ticker: FSRD) went public in February through a merger with a SPAC, or special purpose acquisition company, called ECP Environmental Growth Opportunities Corp. In financing related to the deal, Fast Radius raised additional money through a PIPE, or public investment in private equity offering. As part of this dealPalantir invested $20 million, buying 2 million shares of Fast Radius at $10 each.