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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, affirming breach of merger agreement. 2. The decision strengthens Desktop Metal's legal position and merger prospects.

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Why Bullish?

Winning a court ruling typically boosts market confidence in Desktop Metal. Historical precedents show similar outcomes have positively influenced stock prices.

How important is it?

The ruling directly affects Desktop Metal's potential success in the merger, impacting investor outlook and stock valuation.

Why Short Term?

Positive investor sentiment can lead to immediate price adjustments. Comparable cases indicate quick stock reactions post-legal victories.

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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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