Alpha Partners Technology Merger Corp. (NasdaqCM:APTM) signed a non-binding letter-of-intent to acquire Glowforge, Inc. on July 18, 2023. Under the terms of the LOI, APTM and Glowforge would become a combined entity, with Glowforge?s existing equity holders rolling 100% of their equity into the combined public company.

APTM expects to announce additional details regarding the proposed business combination upon the execution of a definitive merger agreement, which is expected in the fourth quarter of 2023. Completion of a business combination with Glowforge is subject to, among other matters, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board and stockholders of both APTM and Glowforge.