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Desktop Metal Inc (NYSE:DM) has secured a legal victory in its merger dispute with Nano Dimension Ltd – ADR (NASDAQ:NNDM), sending Nano shares lower by some 18.3% to $1.70 Tuesday morning.
What To Know: The Delaware Court of Chancery ruled that Nano materially breached the merger agreement and ordered Nano to execute a national security agreement within 48 hours, the final hurdle to closing the deal.
The court also allowed Desktop Metal to extend the merger deadline beyond March 31, 2025, if necessary. This ruling is a final judgment on specific performance claims and can be appealed to the Delaware Supreme Court.
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What Else: The merger agreement, originally signed on July 2, 2024, was intended to combine Desktop Metal's advanced 3D printing technology with Nano Dimension's additive electronics capabilities.
The deal aimed to create a stronger, more diversified company in the additive manufacturing space. However, disputes arose over Nano's compliance with the agreement, leading to legal action.
With the court's ruling in its favor, Desktop Metal says the company is now in a stronger position to finalize the transaction. The company says it remains focused on completing the merger, pending Nano's compliance with the court order.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Nano Dimension’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, NNDM has a 52-week high of and a 52-week low of
