Desktop Metal Announces Trial Date in Lawsuit Against Nano Dimension
22 February 2025 - 12:00AM
Business Wire
Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced
that the Delaware Court of Chancery has set trial dates of March
11-12, 2025 in Desktop Metal’s pending litigation against Nano
Dimension Ltd. (“Nano Dimension”) regarding the merger agreement
between the parties dated July 2, 2024 (the “Merger Agreement”).
The Court granted Desktop Metal’s motion to expedite proceedings at
a hearing in December 2024, finding that expedition was warranted
to address Desktop Metal’s claims under the Merger Agreement.
Desktop Metal remains committed to protecting its contractual
rights while continuing to serve its customers, employees and other
stakeholders.
About Desktop Metal
Desktop Metal (NYSE: DM) is driving Additive Manufacturing 2.0,
a new era of on-demand, digital mass production of industrial,
medical, and consumer products. Its innovative 3D printers,
materials, and software deliver the speed, cost, and part quality
required for this transformation. Desktop Metal is home to the
original inventors and world leaders of the 3D printing methods it
believes will empower this shift, binder jetting and digital light
processing. Today, Desktop Metal’s systems print metal, polymer,
sand and other ceramics, as well as foam and recycled wood.
Manufacturers use its technology worldwide to save time and money,
reduce waste, increase flexibility, and produce designs that solve
the world’s toughest problems and enable once-impossible
innovations. Learn more about Desktop Metal and its #TeamDM brands
at www.desktopmetal.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995.
Such forward-looking statements include statements relating to
the proposed transaction between Desktop Metal and Nano Dimension,
including statements regarding the trial date, closing of the
Merger, and all other statements other than statements of
historical fact that address activities, events or developments
that Desktop Metal intends, expects, projects, believes or
anticipates will or may occur in the future. Such statements are
based on management’s beliefs and assumptions made based on
information currently available to management. All statements in
this communication, other than statements of historical fact, are
forward-looking statements that may be identified by the use of the
words “outlook,” “guidance,” “expects,” “believes,” “anticipates,”
“should,” “estimates,” “may,” “will,” “intends,” “projects,”
“could,” “would,” “estimate,” “potential,” “continue,” “plan,”
“target,” or the negative of these words or similar expressions.
These forward-looking statements involve known and unknown risks
and uncertainties, which may cause Desktop Metal’s actual results
and performance to be materially different from those expressed or
implied in the forward-looking statements. Factors and risks that
may cause Desktop Metal’s actual results or performance to be
materially different from those expressed or implied in the
forward-looking statements include, but are not limited to, (i) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the proposed transaction; (ii) the
ability to satisfy closing conditions to the completion of the
proposed transaction; and (iii) other risks related to the
completion of the proposed transaction, the pending litigation and
actions related thereto.
The forward-looking statements included in this communication
are made only as of the date hereof. Desktop Metal does not
undertake any obligation to update any forward-looking statements
to reflect subsequent events or circumstances, except as required
by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250221353002/en/
Investors: (857) 504-1084 DesktopMetalIR@icrinc.com
Desktop Metal (NYSE:DM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Desktop Metal (NYSE:DM)
Historical Stock Chart
From Feb 2024 to Feb 2025