SSYS - Desktop Metal Sold! Nano Dimension Swoops In All-Cash Offer | Benzinga
Desktop Metal, Inc. (NYSE:DM) shares are trading higher after it inked a definitive deal with Nano Dimension Ltd. (NASDAQ:NNDM), under which, Nano Dimension will fully acquire Desktop Metal in an all-cash deal at $5.50 per share.
The deal offers a 27.3% premium over Desktop Metal’s closing price and a 20.5% premium over the 30-day VWAP as of July 2, 2024, totaling approximately $183 million.
The purchase price can be adjusted based on certain assumptions. If the deal extends into 2025, Nano Dimension will provide Desktop Metal a $20 million secured loan facility. Any draw on this facility before closing could adjust the purchase price by up to $0.80 per share. If all adjustments are made, the price will be $4.07 per share, totaling $135 million in consideration.
Nano Dimension intends ...