Why Nano Dimension Stock Crashed on Tuesday
Only nine months ago, Nano dimension (Nasdaq: nndm) The stocks were high. The 3D printing company has just released preliminary results in the second quarter showing an 11 % increase in sales, and announced plans to buy a competitor. Metal desktop (Nyse: dm) For $ 183 million – $ 5.50 per share.
However, the nano dimensions soon developed cold feet on the deal, and tried to retreat.
By December, the issue was already in front of the courts, with a mineral distance in the desktop to not “use the best reasonable efforts to obtain organizational approval as soon as possible regarding the integration agreement between the two parties”, and demanding a “specific performance” – mainly, the court’s request to diminish the nano to complete the margar, and pay the criticism.
Now it seems that the desktop will get its desire, and the Dimense Nano stock has decreased by 16.5 % to 11 am Each time.
The desktop complaint asked a metal from the court to force Nano after seeking the foreign investment committee in the United States (“CFIUS) to agree to the integration, then continued the integration within five days of receiving this approval”, all other organizational conditions[ing already] You are satisfied with the integration agreement, “CFIUS consent is the only step remaining.
This morning, Desktop Metal announced that the DEAWARE of Chancery Court had ruled in her favor, “I found that Nano fastured the integration agreement, rejected NANO’s anti -claims, and gave a specific performance of office minerals.” During the next 48 hours, Dimense Nano is directed to implement the National Security Agreement with CFIUS, then continue to buy Metal Metal by March 31 (or extend the deadline for integration if not possible).
A long short story, the nano dimension lost this round. The company may try to appeal to the Supreme Court of Dilayer, then (tolerance) to the US Supreme Court. Or Dimense Nano can do what he agreed to do nine months ago, and buy a desktop metal.
It seems that investors selling Nano shares today, and buying a high -level desktop stock, think this is the most likely result.
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2025-03-25 15:29:00
