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Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger

1. Desktop Metal wins court ruling against Nano Dimension on merger breach. 2. Court finds Nano Dimension materially breached the merger agreement.

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$2.2703/25 09:18 AM EDTEvent Start
$4.50503/26 03:49 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The court's ruling strengthens DM's strategic position. Historically, favorable litigation outcomes have positively influenced stock prices, as seen in tech mergers.

How important is it?

The outcome impacts DM's viability and market confidence significantly, which is critical for investor sentiments.

Why Short Term?

Immediate legal clarity can lead to quicker capital influx or stock recovery. Similar past rulings have seen short-term price spikes.

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NNDM
BURLINGTON, Mass.--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that the Delaware Court of Chancery has ruled in favor of Desktop Metal in its pending litigation against Nano Dimension Ltd. and Nano US I, Inc. (together, “Nano”) regarding the merger agreement between Desktop Metal and Nano dated July 2, 2024 (the “Merger Agreement”). In its March 24 post-trial opinion and order, the Court found that Nano materially breached the Merger Agreement, rejected Nan.

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