Business Combination (Tables)

6 Months Ended

Jun. 30, 2025

Rapid Machining Solutions

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition

The following table sets forth the estimated fair values of the assets acquired, and liabilities assumed in connection with the RMS Acquisition:


		Total Amount
Assets Acquired		(in thousands)
Cash and cash equivalents		$	44
Accounts receivable			2,312
Prepaid expenses			5
Inventory			828
Property plant and equipment			2,987
Customer backlogs			5,300
Customer relationships			13,000
Right of use lease assets			348
Total assets acquired		$	24,824

Accounts payable		$	857
Accrued liabilities			157
Lease liabilities, current			12
Lease liabilities, non-current			336
Total liabilities assumed		$	1,362

Goodwill		$	7,872
Fair Value of Consideration		$	31,334

Schedule of Intangible Assets Acquired in Acquisition

Below is a summary of the intangible assets acquired in the RMS Acquisition:


		Acquisition Date Fair Value				Estimated Life
Intangible Asset		(in thousands)				(in years)
Customer Backlog		$	5,300				2.5
Customer Relationships		$	13,000				16.0

Metal Technology Inc

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition

The following table sets forth the preliminary allocation, as of June 30, 2025, of the fair value of the assets acquired and liabilities assumed in connection with the MTI Acquisition:


		Total Amount
Assets Acquired		(in thousands)
Cash and cash equivalents		$	2,230
Accounts receivable, net			2,734
Inventory			3,258
Prepaid and other current assets			173
Property, plant and equipment			10,672
Intangible assets, net			30,700
Right of use lease assets			715
Total assets acquired		$	50,482

Accounts payable			374
Accrued payroll and related expenses			10,815
Lease liabilities, current			113
Lease liabilities, non-current			602
Other current liabilities			461
Total liabilities assumed		$	12,365

Goodwill		$	44,196
Fair Value of Consideration		$	82,313

Schedule of Intangible Assets Acquired in Acquisition

Below is a summary of the intangible assets acquired in the MTI Acquisition:


Intangible Asset		Acquisition Date Fair Value (in thousands)				Estimated Life (Years)
Customer Relationships		$	19,700				14.0
Backlog			3,600				2.7
Know-How		$	7,400				7.0
Total Intangible Assets Acquired		$	30,700

Industrial Solid Propulsion

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition

The following table sets forth the preliminary allocation, as of June 30, 2025, of the fair value of the assets acquired and liabilities assumed in connection with the ISP Acquisition:


		Total Amount
Assets Acquired		(in thousands)
Cash and cash equivalents		$	2,791
Accounts receivable, net			883
Inventory			1,202
Prepaid and other current assets			39
Property, plant and equipment			4,239
Intangible assets, net			21,400
Total assets acquired		$	30,554

Accounts payable			279
Accrued payroll and related expenses			2,122
Contract liabilities			95
Long-term notes payable, net of current portion and net of debt issuance costs			1,919
Total liabilities assumed		$	4,415

Goodwill		$	32,498
Fair Value of Consideration		$	58,637

Schedule of Intangible Assets Acquired in Acquisition

Below is a summary of the intangible assets acquired in the ISP Acquisition:


Intangible Asset		Acquisition Date Fair Value (in thousands)				Estimated Life (Years)
Customer Relationships		$	13,500				10.0
Backlog			1,900				1.6
Know-How		$	6,000				15.0
Total Intangible Assets Acquired		$	21,400