Desktop metal to become publicly listed through a business combination with trine
Desktop metal to become public, creating the only listed pure-play additive manufacturing 2.0 company.desktop metal - combined company to have an estimated post-transaction equity value of up to $2.5 billion.desktop metal - combined company will remain listed on nyse under ticker symbol "dm" following expected transaction close.desktop metal - leo hindery, jr., legendary technology investor and operator, to join desktop metal's board.desktop metal -deal to provide up to $575 million in gross proceeds.desktop metal - lux capital, nea, kleiner perkins, ford motor company, gv, koch disruptive technologies will retain their equity holdings transition.desktop metal - deal gross proceeds, comprised of trine's $300 million of cash held in trust & $275m fully committed stock pipe at $10.00 per share.desktop metal - to become publicly listed through a business combination with trine.desktop metal - existing shareholders will hold about 74% of issued and outstanding shares of common stock immediately following deal closing.desktop metal - cash proceeds in connection with deal to be funded through trne's cash in trust, $275 million fully committed stock pipe at $10.00/share.
F Ratings Summary
F Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission