{"id":829512,"date":"2025-03-25T09:12:32","date_gmt":"2025-03-25T13:12:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/desktop-metal-announces-delaware-court-of-chancery-orders-nano-dimension-to-complete-desktop-metal-merger\/"},"modified":"2025-03-25T09:12:32","modified_gmt":"2025-03-25T13:12:32","slug":"desktop-metal-announces-delaware-court-of-chancery-orders-nano-dimension-to-complete-desktop-metal-merger","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/desktop-metal-announces-delaware-court-of-chancery-orders-nano-dimension-to-complete-desktop-metal-merger\/","title":{"rendered":"Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger<\/b><\/p>\n<p>BURLINGTON, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nDesktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) 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, \u201cNano\u201d) regarding the merger agreement between Desktop Metal and Nano dated July 2, 2024 (the \u201cMerger Agreement\u201d). In its March 24 post-trial opinion and order, the Court found that Nano materially breached the Merger Agreement, rejected Nano\u2019s counterclaims, and granted Desktop Metal specific performance. The Court ordered that, within 48 hours of its order, Nano must agree to and execute a national security agreement with the Committee on Foreign Investment in the United States, which is the sole remaining condition to closing the merger. The Court further ordered that if the closing has not occurred by March 31, 2025, the end date under the Merger Agreement may be extended, at Desktop Metal\u2019s discretion, until the closing of the merger. The Court\u2019s ruling constitutes a final judgment on the specific performance claims, making it immediately appealable to the Delaware Supreme Court under Court of Chancery Rule 54(b).\n<\/p>\n<p>\nDesktop Metal intends to move expeditiously toward closing as soon as possible, while continuing to serve its customers, employees and other stakeholders.\n<\/p>\n<p>\nThe Court\u2019s opinion and order will be made available on Desktop Metal\u2019s Investor Relations website.\n<\/p>\n<p><b>About Desktop Metal<\/b><\/p>\n<p>\nDesktop 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\u2019s 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\u2019s toughest problems and enable once-impossible innovations. Learn more about Desktop Metal and its #TeamDM brands at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.desktopmetal.com&amp;esheet=54228555&amp;newsitemid=20250325447647&amp;lan=en-US&amp;anchor=www.desktopmetal.com&amp;index=1&amp;md5=3558c0dd6026dd6fb6f7104eaab72a0f\">www.desktopmetal.com<\/a>.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.\n<\/p>\n<p>\nSuch forward-looking statements include statements relating to the proposed transaction between Desktop Metal and Nano Dimension, including statements regarding the 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\u2019s 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 \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. These forward-looking statements involve known and unknown risks and uncertainties, which may cause Desktop Metal\u2019s 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\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, the occurrence of any event, change or other circumstance that could interfere with or delay the closing.\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250325447647r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250325447647\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250325447647\/en\/<\/a><\/span><\/p>\n<p>\nInvestors:<br \/>\n<br \/>(857) 504-1084<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:DesktopMetalIR@icrinc.com\">DesktopMetalIR@icrinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Medical Devices Chemicals\/Plastics Other Technology Manufacturing Software Hardware Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger BURLINGTON, Mass.&#8211;(BUSINESS WIRE)&#8211; Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) 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, \u201cNano\u201d) regarding the merger agreement between Desktop Metal and Nano dated July 2, 2024 (the \u201cMerger Agreement\u201d). In its March 24 post-trial opinion and order, the Court found that Nano materially breached the Merger Agreement, rejected Nano\u2019s counterclaims, and granted Desktop Metal specific performance. The Court ordered that, within 48 hours of its order, Nano must agree to and execute a national security agreement with the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/desktop-metal-announces-delaware-court-of-chancery-orders-nano-dimension-to-complete-desktop-metal-merger\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger&#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-829512","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger - 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\/desktop-metal-announces-delaware-court-of-chancery-orders-nano-dimension-to-complete-desktop-metal-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Desktop Metal Announces Delaware Court of Chancery Orders Nano Dimension to Complete Desktop Metal Merger BURLINGTON, Mass.&#8211;(BUSINESS WIRE)&#8211; Desktop Metal, Inc. (NYSE: DM) (\u201cDesktop Metal\u201d) 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, \u201cNano\u201d) regarding the merger agreement between Desktop Metal and Nano dated July 2, 2024 (the \u201cMerger Agreement\u201d). In its March 24 post-trial opinion and order, the Court found that Nano materially breached the Merger Agreement, rejected Nano\u2019s counterclaims, and granted Desktop Metal specific performance. 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(NYSE: DM) (\u201cDesktop Metal\u201d) 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, \u201cNano\u201d) regarding the merger agreement between Desktop Metal and Nano dated July 2, 2024 (the \u201cMerger Agreement\u201d). In its March 24 post-trial opinion and order, the Court found that Nano materially breached the Merger Agreement, rejected Nano\u2019s counterclaims, and granted Desktop Metal specific performance. 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