{"id":796861,"date":"2024-12-23T16:18:48","date_gmt":"2024-12-23T21:18:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/"},"modified":"2024-12-23T16:18:48","modified_gmt":"2024-12-23T21:18:48","slug":"nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/","title":{"rendered":"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>Waltham, Mass., Dec.  23, 2024  (GLOBE NEWSWIRE) &#8212;  Nano Dimension Ltd. (Nasdaq: NNDM)<\/strong> (\u201cNano Dimension\u201d or the \u201cCompany\u201d), a supplier of Additive Manufacturing solutions, today shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) against the Company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024 (the \u201cMerger Agreement\u201d).\u00a0\u00a0<\/p>\n<p align=\"justify\">The Company believes the lawsuit is without merit and inconsistent with the terms of the Merger Agreement, particularly with respect to the Company\u2019s right to work through the review process that is under way with the Committee on Foreign Investment in the United States (&#8220;CFIUS&#8221;). The Company believes the lawsuit is nothing more than an effort by Desktop Metal to prevent the Company from exercising its rights under the Merger Agreement and to impose deadlines and obligations that are inconsistent with that agreement. The Company intends to vigorously defend itself and preserve its rights under the Merger Agreement.<\/p>\n<p>\n        <strong>About Nano Dimension Ltd.<\/strong>\n      <\/p>\n<p>Nano Dimension (Nasdaq: NNDM) offers a variety of Digital Manufacturing technologies serving customers across vertical target markets such as aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, and R&amp;D and academia.<\/p>\n<p>With its suite of digital manufacturing technologies, Nano Dimension is enabling its customers with prototyping and high-mix-low-volume production, along with IP security, design-for-manufacturing capabilities, and more sustainable means of fabrication.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-ssB5yFfMkKG-t4G6nXiwwkJYrozOrPu2s55LLpQ27nUrXXKw-ZiCP4haIYOX_4xlx3_GzCy37viipK5e3LkwGx1aOXpK9NqIp-SM5VO-XA=\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.nano-di.com\/<\/a><\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example, Nano is using forward-looking statements in this press release when it discusses (i) its beliefs regarding the merits of the lawsuit filed by Desktop Metal, (ii) its beliefs regarding the lawsuit with respect to Nano\u2019s rights under the Merger Agreement and (iii) its intention to vigorously defend itself against the lawsuit and preserve its rights under the Merger Agreement. Such forward-looking statements include statements regarding Nano\u2019s future intentions, strategic plan, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management\u2019s beliefs and assumptions made based on information currently available to management. When used in this communication, the words \u201coutlook,\u201d \u201cguidance,\u201d \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cshould,\u201d \u201cestimates,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cintends,\u201d \u201cprojects,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cestimate,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cplan,\u201d \u201ctarget,\u201d or the negative of these words or similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company\u2019s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. Factors and risks that may cause Nano\u2019s 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 satisfaction of the closing conditions of the proposed transaction; and (iii) other risks related to the completion of the proposed transaction and actions related thereto. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication. Nano is not responsible for the contents of third-party websites.<\/p>\n<p>\n        <strong>Nano Dimension Contacts<\/strong>\n      <\/p>\n<p>Investors: Julien Lederman, VP Corporate Development | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WVtcYkdfWaObBpE21MQ7D_EHZk0jAXK2JvBuy2bUkYAHDprN2drW_hmrYHErXkhf3_5v7FyS1KI5YNDPwY8S4NPa0pRqQX5d71858OVnv_vU42I3zMCaArA0iSCibmAA2fXXeFo2JEpj0xl5KIig5-rCcvc2f_tAdUyRgyxDw4gKj9StqugdF-oZFuLGu0sYrxgUZ8JPOelrDn6VstEy4wZ1ABwNpVqBeZd8y5q-fTY=\" rel=\"nofollow\" target=\"_blank\">ir@nano-di.com<\/a><\/p>\n<p>Media: Kal Goldberg \/ Bryan Locke \/ Kelsey Markovich |\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nYnV0gTC-q_syTeGwBQpDy37e2GVBKZZoC_c2HLjtQXns5HW91Bp2QPjbUS1Mv4FfPxz-iaYzz590C73mpYOB7sTkiTpVtIDPkPFfyGTLSCatNq5Vi8dyxxKUWEYMqqhAIk_mLut487rn9SnXSEmZLIOIL7BgYk79nyB6Wzv14UOvCxW_ZpGeIRWdwy9eeGbSNHQrlqL8X3qp2nfONDDU0tT13SUB7TVeyWCKE2c3lcxMlJrqUXh6jQDRI0ritMNkzcJB_QDughps4bQ8vkjBjOoAFfiNps8WJXRv5sbRLA=\" rel=\"nofollow\" target=\"_blank\">NanoDimension@fgsglobal.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzUxNyM2NjY5NzUxIzUwMDA0ODk0NA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Mzg1NTM4YmEtN2FkOS00ZDVkLThkZTAtZDZjNTQ4N2VhZDMwLTUwMDA0ODk0NA==\/tiny\/Nano-Dimension-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Waltham, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) &#8212; Nano Dimension Ltd. (Nasdaq: NNDM) (\u201cNano Dimension\u201d or the \u201cCompany\u201d), a supplier of Additive Manufacturing solutions, today shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) against the Company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024 (the \u201cMerger Agreement\u201d).\u00a0\u00a0 The Company believes the lawsuit is without merit and inconsistent with the terms of the Merger Agreement, particularly with respect to the Company\u2019s right to work through the review process that is under way with the Committee &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796861","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Waltham, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) &#8212; Nano Dimension Ltd. (Nasdaq: NNDM) (\u201cNano Dimension\u201d or the \u201cCompany\u201d), a supplier of Additive Manufacturing solutions, today shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) against the Company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024 (the \u201cMerger Agreement\u201d).\u00a0\u00a0 The Company believes the lawsuit is without merit and inconsistent with the terms of the Merger Agreement, particularly with respect to the Company\u2019s right to work through the review process that is under way with the Committee &hellip; Continue reading &quot;Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-23T21:18:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzUxNyM2NjY5NzUxIzUwMDA0ODk0NA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement\",\"datePublished\":\"2024-12-23T21:18:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/\"},\"wordCount\":702,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMzUxNyM2NjY5NzUxIzUwMDA0ODk0NA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\\\/\",\"name\":\"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement - 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(Nasdaq: NNDM) (\u201cNano Dimension\u201d or the \u201cCompany\u201d), a supplier of Additive Manufacturing solutions, today shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) against the Company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024 (the \u201cMerger Agreement\u201d).\u00a0\u00a0 The Company believes the lawsuit is without merit and inconsistent with the terms of the Merger Agreement, particularly with respect to the Company\u2019s right to work through the review process that is under way with the Committee &hellip; Continue reading \"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-23T21:18:48+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzUxNyM2NjY5NzUxIzUwMDA0ODk0NA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement","datePublished":"2024-12-23T21:18:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/"},"wordCount":702,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzUxNyM2NjY5NzUxIzUwMDA0ODk0NA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-responds-to-desktop-metals-lawsuit-regarding-merger-agreement\/","name":"Nano Dimension Responds to Desktop Metal\u2019s Lawsuit Regarding Merger Agreement - 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