DM - Desktop Metal drops as company says investigating whistleblower complaint

Desktop Metal Inc. (NYSE:DM) fell 3.9% in after hours trading after the company disclosed it engaged a third party to conduct an independent internal investigation as a result of a whistleblower complaint. The whistleblower complaint concerns manufacturing and product compliance practices and procedures with respect to a subset of its photopolymer equipment and materials at its EnvisionTec US LLC facility in Dearborn, Michigan, according to a 8-K filing. DM doesn't believe the matters involved will have a "material" impact on the 3-D printer company or its financial statements. While the probe continues, Desktop Metal (DM) has taken actions, including including implementing changes in the management of and procedures associated with manufacturing the applicable products. Desktop Metal (DM) is expected to report Q3 results next Monday.

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Desktop Metal drops as company says investigating whistleblower complaint