Desktop Metal, Inc. Announces Termination of Shareholder Rights Plan
09 Oktober 2023 - 2:30PM
Business Wire
Desktop Metal, Inc. (NYSE: DM) announced today that, in
connection with the termination of the merger agreement between
Desktop Metal and Stratasys Ltd. (Nasdaq: SSYS) on September 28,
2023, the Desktop Metal board of directors approved the amendment
of Desktop Metal’s rights agreement, which was previously scheduled
to expire on July 24, 2024. Pursuant to the amendment, the plan has
been terminated as of today.
Further details about the amendment to the rights agreement will
be contained in a Form 8-K to be filed by Desktop Metal with the
SEC.
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. Our innovative 3D printers,
materials, and software deliver the speed, cost, and part quality
required for this transformation. We’re the original inventors and
world leaders of the 3D printing methods we believe will empower
this shift, binder jetting and digital light processing. Today, our
systems print metal, polymer, sand and other ceramics, as well as
foam and recycled wood. Manufacturers use our 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 our
#TeamDM brands at www.desktopmetal.com.
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Media: Sarah Webster sarahwebster@desktopmetal.com (724)
516-2336
Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
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