Summary by Moomoo AI
Nano Dimension has cleared a major regulatory hurdle in its planned acquisition of Desktop Metal, as the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired. This development eliminates the need for further U.S. antitrust regulatory review, keeping the acquisition on track for the planned Q4 2024 closing timeline.The transaction remains subject to other customary closing conditions, including Desktop Metal shareholder approval. Desktop Metal filed its definitive proxy statement with the SEC on August 15, 2024, which has been distributed to shareholders for their consideration.Nano Dimension, a leading supplier of Additively Manufactured Electronics and 3D printing solutions, serves over 2,000 customers across aerospace, defense, automotive, and medical technology sectors. The acquisition aims to strengthen the company's position in the additive manufacturing industry through combined technological capabilities and market reach.
