Desktop Metal dismisses Markforged from previously filed merger complaint
Markforged, based in Waltham, Massachusetts, USA, has announced that Desktop Metal has voluntarily dismissed Markforged without prejudice from its previously filed complaint against Nano Dimension. The dismissed complaint alleged that the proposed merger between Markforged and Nano Dimension would jeopardise the proposed merger between Nano Dimension and Desktop Metal.
On January 2, 2025, Desktop Metal filed a complaint 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 jeopardise the parties’ ability to close the Desktop Metal Merger.
It was stated that on January 22, 2025, Desktop Metal filed a notice of voluntary dismissal with the court to dismiss Markforged from the action, without prejudice.
As of January 24, 2025, Markforged also reported in has obtained approval for all regulatory filings required pursuant to its merger, except for filing with the Committee on Foreign Investment in the United States. Upon completion, Markforged will function as a wholly owned subsidiary of Nano Dimension.
