Desktop Metal Announces Trial Date in Lawsuit Against Nano Dimension
Desktop Metal (NYSE: DM) has received confirmation from the Delaware Court of Chancery regarding trial dates set for March 11-12, 2025, concerning its ongoing litigation against Nano Dimension. The lawsuit pertains to the merger agreement between the two companies dated July 2, 2024. The Court granted Desktop Metal's motion to expedite proceedings during a hearing in December 2024, determining that expedition was warranted to address Desktop Metal's claims under the Merger Agreement. The company affirms its commitment to protecting its contractual rights while maintaining its focus on serving customers, employees, and stakeholders.
Desktop Metal (NYSE: DM) ha ricevuto conferma dalla Corte di Chancery del Delaware riguardo alle date del processo fissate per l'11-12 marzo 2025, in relazione alla sua causa in corso contro Nano Dimension. La causa riguarda l'accordo di fusione tra le due aziende datato 2 luglio 2024. La Corte ha accolto la richiesta di Desktop Metal di accelerare le procedure durante un'udienza nel dicembre 2024, stabilendo che l'accelerazione era giustificata per affrontare le rivendicazioni di Desktop Metal ai sensi dell'Accordo di Fusione. L'azienda ribadisce il suo impegno a proteggere i propri diritti contrattuali, mantenendo al contempo la sua attenzione nel servire clienti, dipendenti e stakeholder.
Desktop Metal (NYSE: DM) ha recibido confirmación de la Corte de Cancillería de Delaware sobre las fechas del juicio establecidas para el 11-12 de marzo de 2025, en relación con su litigio en curso contra Nano Dimension. La demanda se refiere al acuerdo de fusión entre las dos empresas fechado el 2 de julio de 2024. La Corte concedió la moción de Desktop Metal para acelerar los procedimientos durante una audiencia en diciembre de 2024, determinando que la aceleración era justificada para abordar las reclamaciones de Desktop Metal bajo el Acuerdo de Fusión. La empresa reafirma su compromiso de proteger sus derechos contractuales mientras mantiene su enfoque en servir a clientes, empleados y partes interesadas.
데스크탑 메탈 (NYSE: DM)은 델라웨어 법원에서 나노 디멘션을 상대로 진행 중인 소송과 관련하여 2025년 3월 11-12일로 설정된 재판 날짜에 대한 확인을 받았습니다. 이 소송은 2024년 7월 2일자 두 회사 간의 합병 계약과 관련이 있습니다. 법원은 2024년 12월의 청문회에서 데스크탑 메탈의 절차 가속화 요청을 승인하며 합병 계약에 따른 데스크탑 메탈의 주장에 대응하기 위해 가속화가 정당하다고 판단했습니다. 회사는 고객, 직원 및 이해관계자를 서비스하는 데 집중하면서 계약상의 권리를 보호하겠다는 의지를 재확인합니다.
Desktop Metal (NYSE: DM) a reçu confirmation de la Cour des Chancelleries du Delaware concernant les dates de procès fixées aux 11 et 12 mars 2025, concernant son litige en cours contre Nano Dimension. Le procès concerne l'accord de fusion entre les deux sociétés daté du 2 juillet 2024. La Cour a accordé la demande de Desktop Metal d'accélérer la procédure lors d'une audience en décembre 2024, déterminant que l'accélération était justifiée pour traiter les réclamations de Desktop Metal en vertu de l'accord de fusion. L'entreprise réaffirme son engagement à protéger ses droits contractuels tout en maintenant son attention sur le service aux clients, employés et parties prenantes.
Desktop Metal (NYSE: DM) hat eine Bestätigung vom Gerichtshof von Delaware über die für den 11.-12. März 2025 festgelegten Verhandlungstermine erhalten, die sich auf die laufenden Rechtsstreitigkeiten gegen Nano Dimension beziehen. Die Klage betrifft die Fusionsvereinbarung zwischen den beiden Unternehmen vom 2. Juli 2024. Das Gericht hat den Antrag von Desktop Metal auf Beschleunigung des Verfahrens während einer Anhörung im Dezember 2024 genehmigt und festgestellt, dass eine Beschleunigung gerechtfertigt ist, um die Ansprüche von Desktop Metal gemäß der Fusionsvereinbarung zu klären. Das Unternehmen bekräftigt sein Engagement, seine vertraglichen Rechte zu schützen, während es gleichzeitig den Fokus auf die Bedienung von Kunden, Mitarbeitern und Interessengruppen aufrechterhält.
- Court granted DM's motion to expedite proceedings, potentially accelerating resolution
- Trial dates confirmed, providing clarity on timeline for merger dispute resolution
- Ongoing legal dispute with Nano Dimension over merger agreement creates uncertainty
- Legal proceedings could result in additional costs and management distraction
Insights
The Delaware Court of Chancery's scheduling of an expedited trial for Desktop Metal's lawsuit against Nano Dimension carries substantial implications for both companies' futures and the broader 3D printing industry consolidation landscape. The Court's decision to fast-track the proceedings - setting trial dates for March 11-12, 2025 - is particularly noteworthy, as expedition is granted only when the Court finds legitimate urgency and merit in the claims.
The Delaware Court of Chancery's involvement is especially significant, as it represents the most authoritative forum for corporate law disputes in the United States. The expedited timeline - merely eight months from the original merger agreement - suggests the Court recognizes potential immediate harm to Desktop Metal if the matter isn't resolved quickly. Typically, corporate litigation of this nature can extend 12-18 months before reaching trial.
The expedited proceedings create three critical implications for investors: First, it accelerates the timeline for resolution, potentially reducing uncertainty and associated market volatility. Second, it may strengthen Desktop Metal's negotiating position, as expedition often indicates the Court's preliminary view of claim validity. Third, it could impact both companies' ability to pursue alternative strategic opportunities while the litigation is pending.
The outcome of this trial will likely have ripple effects across the additive manufacturing sector, where consolidation has been a key theme. A ruling either enforcing or invalidating the merger agreement could trigger a broader reassessment of valuations and deal structures in future industry consolidation efforts. The March 2025 trial dates provide a clear timeline for when shareholders can expect resolution on this significant corporate action.
Desktop Metal remains committed to protecting its contractual rights while continuing to serve its customers, employees and other stakeholders.
About Desktop Metal
Desktop 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’s 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’s toughest problems and enable once-impossible innovations. Learn more about Desktop Metal and its #TeamDM brands at www.desktopmetal.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include statements relating to the proposed transaction between Desktop Metal and Nano Dimension, including statements regarding the trial date, 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’s 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 “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” “may,” “will,” “intends,” “projects,” “could,” “would,” “estimate,” “potential,” “continue,” “plan,” “target,” 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’s 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’s 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 ability to satisfy closing conditions to the completion of the proposed transaction; and (iii) other risks related to the completion of the proposed transaction, the pending litigation and actions related thereto.
The 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.
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Investors:
(857) 504-1084
DesktopMetalIR@icrinc.com
Source: Desktop Metal, Inc.
FAQ
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