Welcome to our dedicated page for TRNE news (Ticker: TRNE), a resource for investors and traders seeking the latest updates and insights on TRNE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TRNE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TRNE's position in the market.
Desktop Metal and Trine Acquisition Corp. have successfully completed their business combination, forming Desktop Metal, Inc. The new company will start trading under ticker symbol 'DM' on the NYSE from December 10, 2020. The deal yielded approximately $580 million in gross proceeds, which will be used to accelerate growth and development in the additive manufacturing sector. Desktop Metal aims to revolutionize manufacturing through its innovative AM 2.0 technologies and has already established a distribution network in over 60 countries.
Desktop Metal announced its participation in the Credit Suisse 8th Annual Virtual Industrials Conference on December 2 at 3:50 p.m. ET. The event will include a management presentation, which can be accessed via a provided webcast link. Additionally, the company is set to merge with Trine Acquisition Corp. (NYSE: TRNE), a special purpose acquisition company, enabling Desktop Metal to become publicly listed. Trine Acquisition Corp. aims to engage in business combinations with various entities, expanding their investment portfolio.
Desktop Metal has announced the mass production of its Shop System™, the first metal binder jetting system tailored for machine shops, now shipping globally. Notable early adopters include manufacturers across Europe and the USA, enabling high-quality production of metal parts at reduced costs compared to traditional methods. The announcement coincides with Desktop Metal's definitive business combination agreement with Trine Acquisition Corp. (NYSE: TRNE), aimed at enhancing their market presence and R&D efforts. Pricing for the system starts at $166,500.
Desktop Metal has launched Live Sinter™, a software designed to enhance accuracy in powder metallurgy-based additive manufacturing. This revolutionary software minimizes trial and error, enabling the production of high-quality parts by compensating for shrinkage and distortion during sintering. Available first with Desktop Metal’s Shop System and Production System, it promises to streamline the manufacturing process. This announcement follows Desktop Metal's merger agreement with Trine Acquisition Corp (NYSE: TRNE), aiming to bolster its market presence and R&D efforts.
