What Happened to Desktop Metal?
Ticker: DMSPAC Year: 2020Merger: 2021
Return
-100.0%
Current Price
$0
Peak Price
$34.94
Trust Size
$300M
Summary
3D printing company that went on a $1.5B acquisition spree post-SPAC. Acquired by Nano Dimension for $5.50/share â 84% below its peak.
What Happened
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 â 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.
Key People
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