Summary by Moomoo AI
Leading proxy advisory firm ISS has recommended Desktop Metal shareholders vote in favor of the merger agreement with Nano Dimension announced on July 3rd, 2024. ISS noted that the offer represents the best available option, providing shareholders with a fair premium and immediate value through cash consideration.The merger received positive market response, with Nano Dimension's stock price rising 16.7% upon announcement. Desktop Metal shareholders must cast their votes by 11:59 pm ET on October 1st, while Nano Dimension shareholders' approval is not required. The Desktop Metal shareholder vote represents a key milestone in completing the transaction.The merger aims to combine two major additive manufacturing companies, with Desktop Metal specializing in 3D printing technologies for industrial, medical, and consumer products, while Nano Dimension focuses on precision additive electronics and manufacturing solutions. The deal's completion remains subject to shareholder approval and regulatory clearances.
