Desktop Metal Releases Markforged from Previously Filed Complaint

Markforged Holding Corp., reports that Desktop Metal has voluntarily dismissed Markforged without prejudice from its previously filed complaint against Nano Dimension Ltd. and Markforged brought in connection with Markforged’s pending merger with Nano.

As previously announced, on September 25, 2024, Markforged entered into an agreement and plan of merger with Nano pursuant to which Nano will, subject to the terms and conditions in the merger agreement, acquire all outstanding shares of Markforged, with Markforged surviving the merger as an indirect wholly-owned subsidiary of Nano.

Completing the transaction is subject to certain closing conditions, including required regulatory approvals, and as of January 24, 2025, Markforged has obtained approval for all regulatory filings required pursuant to the merger agreement except for its filing with the Committee on Foreign Investment in the United States.

As previously disclosed on January 2, 2025, Desktop Metal filed a complaint captioned Desktop Metal, Inc. v. Nano Dimension Ltd., et al. in the Delaware Court of Chancery in which Nano and Markforged were named as defendants. The complaint generally alleges that Nano breached the terms of its merger agreement with Desktop Metal by subsequently entering into the merger agreement with Markforged, and that closing the Merger prior to the pending merger between Desktop Metal and Nano would jeopardize the parties’ ability to close the Desktop Metal merger. In the complaint, Desktop Metal requested, among other forms of relief, an order from the Court enjoining consummation of the merger until the Desktop Metal merger has closed. Markforged believes that Desktop Metal’s claims and the requested relief against Markforged are without merit.

On January 22, 2025, Desktop Metal filed a notice of voluntary dismissal with the Court to dismiss Markforged from the action, without prejudice.

Sources: Press materials received from the company and additional information gleaned from the company’s website.