8-K
filed April 2, 2025, 7:59 PM ET
CIK 0001754820
M&A
confidence high
sentiment neutral
materiality 1.00
Desktop Metal, Inc.: M&A transaction — Desktop Metal closes acquisition by Nano Dimension for $5.295/share; stock delisted
Desktop Metal, Inc.
- Merger completed April 2, 2025; shareholders received $5.295 per share in cash.
- Common stock halted and to be delisted from NYSE; Form 15 to suspend reporting.
- All directors resigned; Julien Lederman and Ofir Baharav appointed as new directors.
- Convertible notes conversion value reset to ~$318.50 per $1,000 principal; holders may require repurchase at par.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Dayna Grayson resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James Eisenstein resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Stephen Nigro resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Scott Dussault resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeff Immelt resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Julien Lederman was appointed as Director at Desktop Metal, Inc..
- Action
- became
- Role
- Director
Exact text from the filing
Julien Lederman and Ofir Baharav, who constituted the directors of Merger Sub as of immediately prior to the Effective Time, became the directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Steve Papa resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ric Fulop resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ofir Baharav was appointed as Director at Desktop Metal, Inc..
- Action
- became
- Role
- Director
Exact text from the filing
Julien Lederman and Ofir Baharav, who constituted the directors of Merger Sub as of immediately prior to the Effective Time, became the directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Wen Hsieh resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Bilal Zuberi resigned as Director at Desktop Metal, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Ric Fulop, Scott Dussault, James Eisenstein, Dayna Grayson, Wen Hsieh, Jeff Immelt, Stephen Nigro, Steve Papa, Bilal Zuberi resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Desktop Metal, Inc.: Certificate of incorporation amended and restated in its entirety effective at the Effective Time of the Merger.
- Change
- charter amendment
Exact text from the filing
Pursuant to the Merger Agreement, effective as of the Effective Time, the certificate of incorporation and the bylaws of the Company were amended and restated in their entirety.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Desktop Metal, Inc.: Bylaws amended and restated in their entirety effective at the Effective Time of the Merger.
- Change
- bylaw amendment
Exact text from the filing
Pursuant to the Merger Agreement, effective as of the Effective Time, the certificate of incorporation and the bylaws of the Company were amended and restated in their entirety.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Desktop Metal, Inc. underwent a change of control involving Nano Dimension Ltd. for $5.295 per share (closed 2025-04-02).
- Action
- change of control
- Counterparty
- Nano Dimension Ltd.
- Consideration
- $5.295 per share
- Closing
- 2025-04-02
Exact text from the filing
principal amount of Convertible Notes into an amount in cash equal to the product of (i) the then in effect Conversion Rate (as defined in the Indenture) of 60.1504 and (ii) $5.295 (i.e., the Per Share Merger Consideration (as defined below)) which is approximately $318.50 per $1,000 principal amount of Convertible Notes. The consummation of the Merger
View on SEC.gov
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