Desktop Metal, a leader in mass production and turnkey additive
manufacturing solutions, announced today it will present at the
Credit Suisse 8th Annual Virtual Industrials Conference. Members of
management will present Wednesday, December 2, at 3:50 p.m. ET. A
webcast of the event will be available at the link HERE.
Desktop Metal has previously announced a merger agreement with
Trine Acquisition Corp. (NYSE: TRNE), a special purpose acquisition
company (SPAC), that would result in Desktop Metal becoming a
publicly listed company.
About Trine Acquisition Corp
Trine Acquisition Corp is a blank check company organized for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization, or
other similar business combination with one or more businesses or
entities. For more information, visit
www.trineacquisitioncorp.com.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with end-to-end 3D
printing solutions. Founded in 2015 by leaders in advanced
manufacturing, metallurgy, and robotics, the company is addressing
the unmet challenges of speed, cost, and quality to make 3D
printing an essential tool for engineers and manufacturers around
the world. Desktop Metal was selected as one of the world’s 30 most
promising Technology Pioneers by the World Economic Forum; named to
MIT Technology Review’s list of 50 Smartest Companies; and
recognized among the most important innovations in engineering in
Popular Science’s “Best of What’s New.” For more information, visit
www.desktopmetal.com.
Forward-Looking Statements Legend
This document contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed transaction between Desktop Metal, Inc. ("Desktop") and
Trine Acquisition Corp. ("Trine"), including statements regarding
the benefits of the transaction, the anticipated timing of the
transaction, the services offered by Desktop and the markets in
which it operates, and Desktop’s projected future results. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of Trine’s securities, (ii) the risk that the transaction may not
be completed by Trine’s business combination deadline and the
potential failure to obtain an extension of the business
combination deadline if sought by Trine, (iii) the failure to
satisfy the conditions to the consummation of the transaction,
including the adoption of the agreement and plan of merger by the
shareholders of Trine and Desktop, the satisfaction of the minimum
trust account amount following redemptions by Trine’s public
shareholders and the receipt of certain governmental and regulatory
approvals, (iv) the lack of a third party valuation in determining
whether or not to pursue the proposed transaction, (v) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the agreement and plan of merger,
(vi) the effect of the announcement or pendency of the transaction
on Desktop’s business relationships, performance, and business
generally, (vii) risks that the proposed transaction disrupts
current plans of Desktop and potential difficulties in Desktop
employee retention as a result of the proposed transaction, (viii)
the outcome of any legal proceedings that may be instituted against
Desktop or against Trine related to the agreement and plan of
merger or the proposed transaction, (ix) the ability to maintain
the listing of Trine’s securities on the New York Stock Exchange,
(x) the price of Trine’s securities may be volatile due to a
variety of factors, including changes in the competitive and highly
regulated industries in which Desktop plans to operate, variations
in performance across competitors, changes in laws and regulations
affecting Desktop’s business and changes in the combined capital
structure, (xi) the ability to implement business plans, forecasts,
and other expectations after the completion of the proposed
transaction, and identify and realize additional opportunities, and
(xii) the risk of downturns in the highly competitive additive
manufacturing industry. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of Trine’s Annual Reports on Form 10-K, Quarterly Reports
on Form 10-Q, the registration statement on Form S-4 and proxy
statement/consent solicitation statement/prospectus discussed below
and other documents filed by Trine from time to time with the U.S.
Securities and Exchange Commission (the “SEC”). These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Desktop and Trine assume no obligation and do not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Neither
Desktop nor Trine gives any assurance that either Desktop or Trine
will achieve its expectations.
Additional Information and Where to Find It
This document relates to a proposed transaction between Desktop
and Trine. This document does not constitute an offer to sell or
exchange, or the solicitation of an offer to buy or exchange, any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. In connection with the
proposed transaction, Trine filed a registration statement on Form
S-4, which included a proxy statement of Trine, a consent
solicitation statement of Desktop and a prospectus of Trine that
was send to Trine and Desktop stockholders on November 10, 2020.
Trine also will file other documents regarding the proposed
transaction with the SEC. Before making any voting decision,
investors and security holders of Trine are urged to read the
registration statement, the proxy statement/consent solicitation
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC in connection with the proposed
transaction as they become available because they will contain
important information about the proposed transaction.
Investors and security holders may obtain free copies of the
proxy statement/consent solicitation statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
by Trine through the website maintained by the SEC at www.sec.gov.
In addition, the documents filed by Trine may be obtained free of
charge from Trine’s website at www.trineacquisitioncorp.com or by
written request to Trine at Trine Acquisition Corp., 405 Lexington
Avenue, 48th Floor, New York, NY 10174.
Participants in Solicitation
Trine and Desktop and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Trine’s stockholders in connection with the proposed
transaction. Additional information regarding the interests of
those persons and other persons who may be deemed participants in
the proposed transaction may be obtained by reading the proxy
statement/consent solicitation statement/prospectus regarding the
proposed transaction. You may obtain a free copy of these documents
as described in the preceding paragraph.
No Offer or Solicitation
This communication is not intended to and shall not constitute
an offer to sell or the solicitation of an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote of approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201125005594/en/
For Trine Acquisition Corp. Pierre Henry
phenry@trineacquisitioncorp.com
For Desktop Metal Lynda McKinney
press@desktopmetal.com
Investor Relations Mike Callahan / Tom Cook
DesktopMetalIR@icrinc.com
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