Desktop Metal Announces Amendment to Rights Agreement Following Termination of Merger Agreement with Stratasys

Desktop Metal, a leading provider of additive manufacturing solutions, has announced the amendment of its rights agreement following the termination of its merger agreement with Stratasys Ltd. The termination, which took place on September 28, 2023, prompted Desktop Metal’s board of directors to approve the amendment to the rights agreement, which was initially set to expire on July 24, 2024. As a result, the plan has been terminated with immediate effect.

Further details regarding the amendment to the rights agreement will be provided in a Form 8-K filing by Desktop Metal with the Securities and Exchange Commission (SEC).

Desktop Metal is at the forefront of Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. The company’s cutting-edge 3D printers, materials, and software enable fast, cost-effective, and high-quality part production, revolutionizing the manufacturing industry. With expertise in binder jetting and digital light processing, Desktop Metal’s technology can print a wide range of materials, including metal, polymer, ceramics, foam, and recycled wood. Manufacturers worldwide rely on Desktop Metal’s solutions to streamline operations, reduce waste, enhance flexibility, and create innovative designs that address complex challenges.

To learn more about Desktop Metal and its #TeamDM brands, visit www.desktopmetal.com.

Source: [Business Wire link]