Desktop Metal Surges to 383rd in Daily Rankings with 2.29 Billion Turnover

On March 25, 2025, Desktop Metal (DM) saw a significant surge in trading volume, with a turnover of 2.29 billion, marking a 60414.15% increase from the previous day. This substantial rise in trading volume placed Desktop Metal at the 383rd position in the daily stock market rankings. The company's stock price also experienced a notable increase, rising by 99.12% over the past two days, with a cumulative gain of 102.69%.

Desktop Metal recently received a favorable ruling from the Delaware Court of Chancery in its ongoing litigation against Nano Dimension. The court found that Nano Dimension had materially breached the merger agreement signed on July 2, 2024, and rejected Nano's counterclaims. The court ordered Nano Dimension to agree to and execute a national security agreement with the Committee on Foreign Investment in the United States within 48 hours of the ruling. This agreement is the sole remaining condition for closing the merger. Additionally, the court granted Desktop Metal specific performance, allowing the company to extend the end date of the merger agreement at its discretion if the closing has not occurred by March 31.

The court's decision is immediately appealable to the Delaware Supreme Court under Court of Chancery Rule 54. Desktop Metal has expressed its intention to move expeditiously toward closing the merger as soon as possible, while continuing to serve its customers, employees, and other stakeholders. This legal victory is expected to have a positive impact on Desktop Metal's stock price, as it clears a major hurdle in the merger process and provides clarity on the company's future direction.