Shares of Nano Dimension (NNDM) are soaring 5.20% in intraday trading on Wednesday, following the company's announcement of its strategic vision in the wake of a recent court ruling. The surge comes as investors react positively to Nano Dimension's plans for growth and integration following the Delaware Court of Chancery's decision upholding the company's obligation to complete the acquisition of Desktop Metal, Inc.
In a press release issued on Wednesday morning, Nano Dimension outlined its strategic focus and integration planning for the post-merger landscape. The company emphasized its preparation for the integration of Desktop Metal, despite ongoing litigation, positioning itself to maximize the potential of the combined entity. Nano Dimension's strategic objective is to become the preeminent provider of digital manufacturing solutions for high-value, high-growth applications across various sectors, including aerospace, defense, automotive, electronics, industrial, and medical.
Chairman Ofir Baharav stated, "While we are disappointed with the decision of The Delaware Court of Chancery and are considering all of our options, we recognize that the transaction may close. Nano Dimension's board of directors and management have been diligently planning for a rapid, successful integration of Desktop Metal's people, products, and assets to help the combined company become a world leader in digital manufacturing." This forward-looking stance, coupled with the company's strategic pillars for future growth and value creation, appears to have bolstered investor confidence, driving the stock's significant uptick in today's trading session.
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