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Nano Dimension Ltd., in late December, shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. against the company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024.
Nano Dimension believes the lawsuit is without merit and inconsistent with the terms of the merger agreement, particularly with respect to the company’s right to work through the review process that is under way with the Committee on Foreign Investment in the United States.
Nano Dimension believes the lawsuit is an effort by Desktop Metal to prevent the company from exercising its rights under the merger agreement and to impose deadlines and obligations that are inconsistent with that agreement.Nano Dimension says it intends to vigorously defend itself and preserve its rights under the merger agreement.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
Desktop Metal was started to address a problem—how to make metal 3D printing accessible for engineering teams. In 2013, CEO Ric Fulop began collaborating with world-leading experts in materials science, engineering, and 3D printing. Their work…
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