Nano Dimension to vote ‘AGAINST’ Stratasys’ merger with Desktop Metal

Nano Dimension (NNDM) announced that it opposes and intends to vote against Stratasys (SSYS) proposed merger with Desktop Metal Inc. (DM) and urges fellow Stratasys shareholders to join in casting votes against the transaction at the company’s Extraordinary General Meeting of Shareholders to be held on September 28, 2023. Nano Dimension is Stratasys’ largest shareholder and owns approximately 14.1% of Stratasys’ outstanding ordinary shares. Yoav Stern, CEO of Nano Dimension, commented, “The opportunity to vote on Stratasys’ proposed merger with Desktop Metal is quickly approaching. We express to our fellow Stratasys shareholders our deep conviction that this merger would be highly dilutive and result in significant value destruction, sacrificing profitability and financial flexibility of Stratasys for limited upside. We intend to vote AGAINST the proposed merger. Abstaining or not voting is not enough to show your opposition and we urge our fellow Stratasys shareholders to join us in voting AGAINST the transaction.” Nano Dimension’s opposition to a merger of Stratasys with Desktop Metal is based on the following rationale: