24/7 Market News Snapshot 03 January, 2025 – Desktop Metal, Inc. (NYSE:DM)

January 3, 2025

DENVER, Colo., 03 January, 2025 (247marketnews.com) – (NYSE:DM) are discussed in this article.
Desktop Metal, Inc. has experienced a notable increase in stock price, opening at $2.87 and currently trading at $2.996, representing an approximate gain of 11.38%. This surge follows the previous session’s close at $2.69, highlighting significant momentum and rising investor interest, as reflected in a trading volume of 676.07K shares. Such bullish sentiment may be bolstered by favorable market trends and developments surrounding the company. Investors are advised to monitor indicators like the Relative Strength Index (RSI) and moving averages for insights into potential future price movements.

In parallel, Desktop Metal is navigating a pivotal legal situation following a recent ruling by the Delaware Court of Chancery. On December 30, 2024, the court granted the company’s motion for an expedited trial against Nano Dimension Ltd. The case, initiated on December 16, 2024, revolves around allegations of Nano Dimension’s failure to uphold its end of a merger agreement, particularly regarding the necessary regulatory approvals. The trial is scheduled for the week of February 24, 2025.

In addition to the ongoing litigation concerning the merger with Nano Dimension, Desktop Metal has launched another lawsuit against both Nano Dimension and Markforged Holding Corporation. This legal action contends that Nano Dimension’s proposed acquisition of Markforged may breach their existing merger agreement, posing risks to the completion of the merger. Desktop Metal is seeking to pause this acquisition until the merger with Nano Dimension concludes.

The company remains optimistic about the benefits of the merger, asserting that it combines complementary strengths within the additive manufacturing sector. As Desktop Metal endeavors to overcome these legal challenges, it is committed to its strategic vision of enhancing production capabilities and driving innovation in 3D printing technology, marking its significance in the evolving landscape of the industry.

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