Nano Dimension (NNDM) stock experienced a sharp pre-market plunge of 13.94% on Tuesday, as investors reacted to news of a court order regarding the company's merger with Desktop Metal Inc.
The Delaware Court of Chancery has ordered Nano Dimension to complete its merger with Desktop Metal, as announced by Desktop Metal Inc. Additionally, the court has allowed an extension of the merger closing date beyond March 31, 2025, providing more time for the companies to finalize the deal.
The significant drop in Nano Dimension's stock price suggests that investors are responding negatively to the forced merger. This reaction could stem from concerns about the terms of the deal, potential integration challenges, or uncertainties about the combined company's future prospects. The court's intervention in the merger process may also raise questions about Nano Dimension's management and decision-making, further contributing to investor unease.
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