Desktop Metal, INC 8-K filings

Desktop Metal is now an indirect wholly-owned subsidiary of Nano Dimension after the completion of a merger agreement.

Desktop Metal reports preliminary unaudited financial results for 2024, showing a revenue decrease but improved non-GAAP gross margin and adjusted EBITDA.

Desktop Metal has released tax guidelines for stockholders regarding the upcoming merger with Nano Dimension, focusing on Israeli withholding tax requirements.

Desktop Metal stockholders have approved the merger agreement with Nano Dimension at a special meeting held on October 2, 2024.

Desktop Metal's Q2 2024 financial results show a revenue decrease and a significant net loss, alongside the announcement of a definitive merger agreement with Nano Dimension.

Nano Dimension will acquire Desktop Metal for $5.50 per share in cash, potentially adjusted down to $4.07, creating a combined additive manufacturing leader with a strong financial profile.

Desktop Metal has completed a 1-for-10 reverse stock split of its Class A common stock, effective June 10, 2024, to maintain its listing on the NYSE.

Desktop Metal has filed a revised auditor consent to correct an omission in their previous annual report, with no impact on financial results.

Desktop Metal's first quarter 2024 results show a slight revenue decrease year-over-year but significant improvements in adjusted EBITDA due to ongoing cost reduction efforts.

Desktop Metal announced its fourth quarter and full year 2023 financial results, highlighting significant improvements in operating performance and cost reductions despite a challenging capital investment environment.

Desktop Metal is implementing a strategic cost reduction plan, including a 20% workforce reduction, aiming for $50 million in annualized savings and a faster path to profitability.