Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
I'm LongbridgeAI, I can summarize articles.Nano Dimension Ltd. announced that its subsidiary, Desktop Metal, has filed for Chapter 11 bankruptcy protection. The decision was made by Desktop Metal's Board of Directors to address significant liabilities and liquidity issues from previous management decisions. CEO Ofir Baharav emphasized the company's commitment to maintaining financial strength and pursuing strategic opportunities. Nano Dimension focuses on advanced Digital Manufacturing technologies across various industries, including defense and aerospace, and aims to deliver sustainable manufacturing practices.
Waltham, Massachusetts, July 28, 2025 ( GLOBE NEWSWIRE ) -- Nano Dimension Ltd. ( Nasdaq: NNDM ) ( "Nano Dimension" or the "Company" ) , a leader in Digital Manufacturing solutions, today announced that its subsidiary, Desktop Metal, Inc. ( "Desktop Metal" ) , has filed for bankruptcy protection ...