--- title: "Desktop Metal Files Lawsuit Against Nano Dimension for Breach of Merger Agreement | DM Stock News" description: "Desktop Metal has filed a lawsuit against Nano Dimension for allegedly breaching their merger agreement by failing to obtain regulatory approval promptly. The Delaware Court of Chancery will hold an e" type: "news" locale: "en" url: "https://longbridge.com/en/news/222971387.md" published_at: "2024-12-20T21:02:00.000Z" --- # Desktop Metal Files Lawsuit Against Nano Dimension for Breach of Merger Agreement | DM Stock News > Desktop Metal has filed a lawsuit against Nano Dimension for allegedly breaching their merger agreement by failing to obtain regulatory approval promptly. The Delaware Court of Chancery will hold an expedited hearing on December 30, 2024, regarding Desktop Metal's request for an expedited trial. Desktop Metal seeks to enforce the merger agreement and ensure cooperation in obtaining approval from the Committee on Foreign Investment in the United States (CFIUS). All other regulatory conditions have been met, and Desktop Metal aims to close the merger swiftly, emphasizing its strategic importance for both companies. 12/20/2024 - 04:02 PM BURLINGTON, Mass.--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that it has filed a lawsuit against Nano Dimension Ltd. (“Nano Dimension”) in the Delaware Court of Chancery (the “Court”), alleging that Nano Dimension has breached its obligation to use reasonable best efforts to obtain regulatory approval as soon as practicable in connection with the merger agreement between the parties (the “Merger Agreement”). The Court has scheduled an expedited hearing on December 30, 2024, to hear Desktop Metal’s motion for an expedited trial to be held in January. Desktop Metal seeks specific performance, including, but not limited to, requiring Nano Dimension to cooperate in seeking approval by the Committee on Foreign Investment in the United States (“CFIUS”), including finalizing negotiations and executing the mitigation agreement proposed by CFIUS (as required by the Merger Agreement), and to close the merger within five business days of receiving CFIUS’ approval. Desktop Metal also seeks a declaration of the Court that, among other things, Nano Dimension has failed to perform its obligations to use reasonable best efforts to obtain regulatory approval and remains obligated to use its reasonable best efforts to take all actions necessary to consummate the merger as soon as reasonably possible, and injunctive relief enjoining Nano Dimension from terminating the Merger Agreement or taking any action inconsistent with its obligations under the Merger Agreement. All other regulatory conditions have been satisfied under the Merger Agreement and the remaining regulatory condition to closing the merger is receipt of CFIUS approval. The merger between Desktop Metal and Nano Dimension represents a significant strategic opportunity for both companies, combining complementary strengths to create value for shareholders, employees and customers. Desktop Metal remains focused on upholding the contractual obligations agreed upon by both parties, closing the transaction and delivering on the potential of the merger. Desktop Metal is confident that a closing of the merger may be completed expeditiously. **About Desktop Metal** Desktop Metal (NYSE: DM) is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. Its innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. Desktop Metal is home to the original inventors and world leaders of the 3D printing methods it believes will empower this shift, binder jetting and digital light processing. Today, Desktop Metal’s systems print metal, polymer, sand and other ceramics, as well as foam and recycled wood. Manufacturers use its technology worldwide to save time and money, reduce waste, increase flexibility, and produce designs that solve the world’s toughest problems and enable once-impossible innovations. Learn more about Desktop Metal and its #TeamDM brands at www.desktopmetal.com. **Forward Looking Statements** This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements relating to the proposed transaction between Desktop Metal and Nano Dimension, including statements regarding the closing of the merger, and all other statements other than statements of historical fact that address activities, events or developments that Desktop Metal intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. All statements in this communication, other than statements of historical fact, are forward-looking statements that may be identified by the use of the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” “may,” “will,” “intends,” “projects,” “could,” “would,” “estimate,” “potential,” “continue,” “plan,” “target,” or the negative of these words or similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause Desktop Metal’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Factors and risks that may cause Desktop Metal’s actual results or performance to be materially different from those expressed or implied in the forward-looking statements include, but are not limited to, (i) the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction; (ii) the ability to satisfy closing conditions to the completion of the proposed transaction; and (iii) other risks related to the completion of the proposed transaction and actions related thereto. The forward-looking statements included in this communication are made only as of the date hereof. Desktop Metal does not undertake any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20241217987296/en/ Investors: (857) 504-1084 DesktopMetalIR@icrinc.com Source: Desktop Metal, Inc. ### Related Stocks - [DM.US - Desktop Metal](https://longbridge.com/en/quote/DM.US.md) - [NNDM.US - Nano Dimension](https://longbridge.com/en/quote/NNDM.US.md) - [NANO.UK - Nanoco Group PLC](https://longbridge.com/en/quote/NANO.UK.md) - [AWRE.US - Aware](https://longbridge.com/en/quote/AWRE.US.md) - [ING.US - ING Groep](https://longbridge.com/en/quote/ING.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 業績預覽：NANO Nuclear Energy | Nano Nuclear Energy (NASDAQ:NNE) 將於 2026 年 2 月 17 日公佈季度財報，分析師預計每股收益（EPS）為-0.32 美元。投資者期待在之前每股收益超出預期 0.12 美元后，能夠獲得積極的指引，這導 | [Link](https://longbridge.com/en/news/276075782.md) | | 隨着小型反應堆在加州進行貨運旅行，核能股票準備大放異彩 | 核能股票可能會上漲，因為一台小型反應堆已從加利福尼亞運輸到猶他州，這標誌着核技術流動性的重要里程碑。美國能源部和國防部與 Valar Atomics 合作，展示了該反應堆在軍事和民用方面快速部署的潛力。能源部長克里斯·賴特強調了核能對國家安 | [Link](https://longbridge.com/en/news/276070985.md) | | Paymetrex，Datametrex AI Ltd. 的子公司，在美國啓動了專利許可計劃 | Paymetrex Payment Solutions Inc. 是 Datametrex AI Ltd. 的全資子公司，已在美國簽署了首個專利許可協議。根據該協議，Paymetrex 將在相關專利剩餘有效期內每年獲得 40 萬美元的許可費 | [Link](https://longbridge.com/en/news/275320654.md) | | Narae Nanotech 贏得了價值 43 億韓元的訂單 | Narae NanoTech Corp :NARAE NANOTECH: 贏得 43 億韓元訂單 | [Link](https://longbridge.com/en/news/273964350.md) | | Nano Dimension 採納了有限期限的股東權利協議 \| NNDM 股票新聞 | Nano Dimension Ltd. 已經採用了一項有限期限的股東權利協議，以保護其美國存托股份持有者的利益。該協議旨在防止任何實體在未獲得董事會批准的情況下獲得對公司的控制權或重大影響力。每位 ADS 持有者將獲得一個特別購買權，允許他 | [Link](https://longbridge.com/en/news/274570780.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.