Desktop Metal, Inc. Announces Termination of Shareholder Rights Plan

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Desktop Metal terminates merger agreement with Stratasys Ltd.

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• Desktop Metal terminates merger agreement with Stratasys Ltd.

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BOSTON--(BUSINESS WIRE)-- Desktop Metal, Inc. (NYSE: DM) announced today that, in connection with the termination of the merger agreement between Desktop Metal and Stratasys Ltd. (Nasdaq: SSYS) on September 28, 2023, the Desktop Metal board of directors approved the amendment of Desktop Metal’s rights agreement, which was previously scheduled to expire on July 24, 2024. Pursuant to the amendment, the plan has been terminated as of today.

Further details about the amendment to the rights agreement will be contained in a Form 8-K to be filed by Desktop Metal with the SEC.

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. Our innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. We’re the original inventors and world leaders of the 3D printing methods we believe will empower this shift, binder jetting and digital light processing. Today, our systems print metal, polymer, sand and other ceramics, as well as foam and recycled wood. Manufacturers use our 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 our #TeamDM brands at www.desktopmetal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231009774809/en/

Media:

Sarah Webster

sarahwebster@desktopmetal.com

(724) 516-2336

Investor Relations:

Jay Gentzkow

jaygentzkow@desktopmetal.com

(781) 730-2110

Source: Desktop Metal, Inc.

FAQ

What is the news about?

Desktop Metal terminating merger agreement with Stratasys Ltd.

What is the impact on stock price?

No specific impact on stock price mentioned.

What is the new development?

Desktop Metal's board of directors approved the amendment of Desktop Metal's rights agreement.

When was the merger agreement terminated?

The merger agreement was terminated on September 28, 2023.

Where can I find more details about the amendment?

More details will be contained in a Form 8-K to be filed by Desktop Metal with the SEC.