Fathom Digital Manufacturing (FATH) - 2021 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2021, the company reported a net loss of $15,725,653, which includes operating costs of $1,902,139 and a change in the fair value of warrant liability of $13,069,538 [122]. - Cash used in operating activities for the three months ended March 31, 2021, was $1,106,218, with changes in operating assets and liabilities providing $795,921 of cash [126]. Initial Public Offering - The company completed its Initial Public Offering on February 9, 2021, raising gross proceeds of $345,000,000 from the sale of 34,500,000 Units at $10.00 per Unit [124]. - The company incurred $19,490,958 in costs related to the Initial Public Offering, including $6,900,000 in underwriting fees and $12,075,000 in deferred underwriting fees [125]. Assets and Cash Management - As of March 31, 2021, the company had marketable securities in the Trust Account totaling $345,001,095, primarily consisting of U.S. Treasury Bills [127]. - The company had cash of $1,651,431 held outside the Trust Account as of March 31, 2021, intended for identifying and evaluating target businesses [128]. - The company does not have any long-term debt or off-balance sheet arrangements as of March 31, 2021 [131]. Future Financing and Obligations - The company plans to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business [127]. - The company may need to obtain additional financing to complete its Business Combination or if a significant number of Public Shares are redeemed [130]. - The company has a contractual obligation to pay an affiliate of the Sponsor $10,000 per month for office space and administrative services [133].