Stratasys Ltd - SSYS 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.

Massivit 3D Printing Technologies will participate in the Inaugural EF Hutton Global Conference in New York on May 10, 2023.

Stratasys has launched GrabCAD Print Pro software, designed to enhance quality assurance in 3D printing. This software, available from May 16, incorporates features from Riven and aims to improve part accuracy, decrease waste, and expedite production processes. Key functionalities include automatic warp correction, standardized manufacturing templates, and improved cost estimation. Additionally, partnerships with AlphaSTAR and Castor introduce real-time analysis and decision-support capabilities, enabling manufacturers to optimize their production workflows. The annual subscription model will also provide optional monthly updates and multi-user discounts for customers.

Massivit 3D Printing Technologies unveiled its Massivit 10000-G at the Rapid + TCT event in Chicago from May 2-4, 2023. This innovative system automates production for composite materials, effectively overcoming bottlenecks in mold production and serving a variety of large-scale custom applications. The 10000-G can print molds up to 80% faster than traditional methods and integrates Gel Dispensing Printing (GDP) technology, enhancing capabilities for producing high-quality, custom parts.

CEO Erez Zimerman highlighted the 10000-G's role in transforming industrial production, reducing time and costs typically associated with manual processes. Massivit's GDP technology is now adopted in 40 countries and allows for the rapid production of functional prototypes across multiple industries, demonstrating the company's commitment to advancing additive manufacturing.