Desktop Metal, Inc. - DM STOCK NEWS

Desktop Metal, Inc. has adopted a limited duration shareholder rights plan to maximize shareholder value in connection with its merger with Stratasys Ltd. The plan will guard against coercive tactics and open market accumulations, and will entitle shareholders to buy one one-thousandth of a share of newly-created Series A Junior Participating Preferred Stock at an exercise price of $9.00. The rights plan will expire on July 24, 2024, or the effective date of the merger.

Stratasys and Desktop Metal have announced a merger in an all-stock transaction valued at $1.8 billion. The combined company is expected to generate $1.1 billion in revenue in 2025 with an adjusted EBITDA margin of 10%-12%. The merger will create a next-generation additive manufacturing company that delivers industrial polymer, metal, sand, and ceramic solutions from design to mass production. The transaction is expected to close in Q4 2023.

Desktop Metal (NYSE: DM) announced that its subsidiary Aidro has become the first in the world to receive DNV's global Additive Manufacturing (AM) Manufacturer certification for both binder jetting and laser powder bed fusion technologies. These certifications validate Aidro's capabilities in producing high-quality components for the energy, oil & gas, and maritime sectors. Achieving the highest AMC 3 level for laser powder bed fusion, Aidro demonstrated rigorous compliance through extensive review and testing. This milestone underscores Aidro's leadership in enhancing the adoption of Additive Manufacturing 2.0, providing benefits such as lighter parts and on-demand manufacturing. Aidro's collaboration with DNV since 2018 has led to significant advancements in standards for AM in critical industries, positioning them as a key player in digital manufacturing solutions.

Desktop Metal (NYSE: DM) announced it will release its financial results for the first quarter ending March 31, 2023, after market hours on May 10, 2023. The company will provide a summary presentation on its Investor Relations website. A conference call will be held on the same day at 4:30 p.m. ET, accessible via phone or online. This session will discuss the financial results and is expected to offer insights into Desktop Metal's performance and future outlook in the additive manufacturing sector, which focuses on on-demand production across various industries.

Desktop Metal (NYSE: DM) is ramping up its focus on additive manufacturing of technical ceramics, responding to increased global demand in sectors like aerospace and automotive. The company highlights its capability to 3D print large technical ceramic parts using binder jetting technology, which simplifies production by eliminating traditional manufacturing constraints. Key materials include silicon carbide, carbon, and tungsten carbide-cobalt. Desktop Metal's systems allow for quick fabrication of complex designs across various production volumes, optimizing material properties and internal structures without the need for costly molds.

Desktop Metal (NYSE: DM) has announced that its copper alloy C18150, also known as chromium zirconium copper, is now qualified for binder jet 3D printing on the Production System™. This advancement, achieved in collaboration with Sandvik Additive Manufacturing, signifies an expansion of Desktop Metal's material offerings to a total of 23 metals. The material is particularly suited for automotive applications, capable of withstanding temperatures up to 500°C. This development will be discussed in detail at AMUG 2023 in Chicago from March 19-23.