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WALTHAM, Mass. - Nano Dimension Ltd. (NASDAQ: NNDM), a company specializing in digital manufacturing solutions, is set to proceed with its acquisition of Desktop Metal, Inc. (NYSE: DM), following a recent ruling by the Delaware Court of Chancery. The court’s decision, dated March 24, 2025, affirms Nano Dimension’s commitment to fulfill the terms of the merger agreement from July 2, 2024. Desktop Metal’s stock has shown remarkable momentum, posting a 93% gain year-to-date, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
The acquisition is part of Nano Dimension’s strategic plan to establish itself as a leading provider of digital manufacturing solutions across various high-growth sectors, including aerospace, defense, automotive, electronics, industrial, and medical industries. The company aims to enhance its market position through a combination of financial stability, profitable growth, improved margins, and strong customer partnerships. According to InvestingPro data, Desktop Metal currently generates annual revenue of $168.28 million with a gross profit margin of 11.26%, suggesting significant room for operational improvement. The company’s financial health score of 1.63 indicates challenges that will need to be addressed post-merger.
Despite the legal challenges, Nano Dimension has been actively preparing for the integration of Desktop Metal. The company is also in the midst of merging with Markforged Holding Corporation (NYSE: MKFG), which is expected to further expand its scale and customer base.
Nano Dimension’s Chairman, Ofir Baharav, expressed disappointment with the court’s decision but acknowledged the necessity to move forward with the transaction. "While we are disappointed with the decision of The Delaware Court of Chancery and are considering all of our options, we recognize that the transaction may close," Baharav stated. He emphasized the company’s commitment to a swift and effective integration of Desktop Metal’s resources to position the combined entity as a global leader in the digital manufacturing sector.
Nano Dimension is driven by trends in onshoring, national security, and product customization, offering technologies that facilitate rapid, low-volume production with intellectual property security and sustainable practices.
The company’s future plans and strategic directions, as outlined in this press release, are forward-looking statements subject to various risks and uncertainties. These statements are based on current expectations and involve assumptions that may not materialize, leading to potential differences in actual results and performance.
This article is based on a press release statement from Nano Dimension Ltd. For comprehensive analysis of Desktop Metal’s financials, valuation metrics, and 16 additional exclusive ProTips, visit InvestingPro. The platform offers detailed research reports covering over 1,400 US stocks, transforming complex financial data into actionable investment insights.
In other recent news, Desktop Metal is navigating significant developments as it moves toward completing a merger with Nano Dimension. A Delaware Court of Chancery ruling mandated Nano Dimension to finalize the merger process, following a breach of the Merger Agreement by Nano Dimension. This decision requires Nano Dimension to execute a national security agreement with the Committee on Foreign Investment in the United States, marking a critical step in the merger’s completion. If the merger is not finalized by March 31, 2025, Desktop Metal has the option to extend the agreement’s end date.
Meanwhile, Cantor Fitzgerald has maintained a Neutral rating on Desktop Metal shares with a price target of $5.00. The financial firm noted that Desktop Metal has retracted its financial guidance, leading many analysts to halt their estimates. Cantor Fitzgerald projects a 21% sequential revenue increase for Desktop Metal’s upcoming quarterly report, although this still represents a decline from the previous year. The firm also highlighted the challenging macroeconomic conditions affecting hardware sales, suggesting a cautious outlook for Desktop Metal’s short-term performance. These developments are being closely monitored by investors as they assess Desktop Metal’s strategic moves and financial health.
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