Desktop Metal
❌ DelistedTrust Size
$300M
Peak Price
$34.94
Current Price
$0.00
Return
-100.0%
Peak Market Cap
$7.5B
What Happened
3D printing company that went on a $1.5B acquisition spree post-SPAC. Acquired by Nano Dimension for $5.50/share — 84% below its peak.
Desktop Metal merged with Trine Acquisition Corp in December 2020. The company promised to revolutionize manufacturing with metal 3D printing. Post-merger, it went on an aggressive M&A spree — acquiring EnvisionTEC, ExOne, Aerosint, and others for over $1.5B total, mostly in stock. But the acquisitions never integrated well, the 3D printing market grew slower than expected, and the company never approached profitability. After the stock fell 90%+ from its $35 peak, Israeli 3D printing company Nano Dimension acquired Desktop Metal for $5.50/share in 2024.
Projections vs. Reality
Projected Revenue
$600M
What they told investors
Actual Revenue
$209M
What actually happened
Hype-to-Reality Ratio: 35.0x
Key People
Ric Fulop
CEO & Co-founder
Serial entrepreneur, MIT-connected
Ely Sachs
Co-founder
MIT professor, inventor of binder jetting technology
Timeline
2020-08
SPAC merger announced
2020-12
Merger completed
2021-02
Stock peaks at $35
2022-01
Acquires ExOne for $575M
2024-07
Acquired by Nano Dimension for $5.50/share
⚖️ Legal Actions
• Class action lawsuit filed by shareholders
📄 SEC Filings
View all EDGAR filings for Desktop Metal
Risk Scores
Dilution Score
72/100
Insider Profit Index
58/100
Hype-to-Reality Ratio
35.0x
Projected ÷ actual revenue