Desktop Metal is based in Burlington MASS. Reuters - Desktop Metal said on Wednesday it has agreed to go public through a reverse merger with blank-check company Trine Acquisition Corp TRNEN in a deal that values the metal 3D printing.
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And they are developing tooling-free 3D printing technology.
Desktop metal ipo. The year 2020 is quickly becoming the year of the SPAC with several buzzworthy private companies going. Learn more about Desktop Metal metal 3D printing systems additive manufacturing applications and case studies in our Resource Center. Desktop Metals aims to make 3D printing accessible to all engineers designers and manufacturers.
Desktop Metal is preparing for volume commercial shipments of the P-50 in the second half of 2021. Active within the Metal Filament FDM sub-category are. Functional prototyping using metal 3D printing Functional prototypes are critical to development of a product or part - allowing engineers to test new ideas and designs while also revealing how a product will.
Chamath Palihapitiya helped lead a 275 million investment to take Desktop Metal a 3D printing company public via a SPAC. The trends behind Desktop Metals IPO Desktop Metals IPO comes at a good time as the NYSE has shown a strong appetite for the stock of technology firms with growth. The company provides solutions for every stage of the manufacturing process from prototyping to mass production and aftermarket parts.
3D printing unicorn Desktop Metal is the latest company to go public in a deal with a blank check company. So far Desktop Metal is publicly active in two areas of the metal additive manufacturing landscape Metal Filament FDM and Binder Jetting. Photo via Desktop Metal.
Trine a special purpose acquisition. At the forefront of this breakthrough in industrial AM is a small 27 billion company by the name of Desktop Metal which is set to go public through a merger with the SPAC Trine Acquisition. The blank check company announced its own initial public offering of 261 million in March of last year.
Pre-IPO company raised 438 million from VCs and automotive companies such as BMW and Ford Motor Company. Desktop Metal one of the largest Massachusetts 3-D printing companies together with Somerville-based Formlabs Inc. And its continuing to not impress on.
Still need to do DD but Spac levels the playing. It is expected that 3D printing industry is well positioned to deliver a high rate growth over the next decade. Desktop Metal is a manufacturer of 3D printers that print using metal and carbon fiber materials.
Desktop Metal or the Company a leader in mass production and turnkey additive manufacturing solutions and Trine Acquisition Corp. Under this new deal Trine will merge with Desktop Metal to create a company worth up to 2. Regular IPO process is a joke today sales opened up a 120 for retail investors so insiders got profits.
Desktop Metal is going public through a reverse merger with SPAC Trine Acquisition Corp. Desktop Metal is one of the most interesting startups to come out of Boston in some time with a technology designed to print metal Thats a potentially huge expansion for the 3D printing market where flexible polymers are the norm a material that limits the kinds of products that these machin. It will list on the New York Stock Exchange in a merger with Trine Acquisition Corp a.
TRNE offers an asymmetrical risk-opportunity to bet on the Fourth Industrial Revolution with a world-class technical management team and well-known investors 1 disruptive. A sooner release is the Production System P-1 which uses much of the same systems as the P-50. He called the company a leader in manufacturing 20 The venture.
And Watertown-based Markforged Inc announced plans to go public through a. The stock of metallic 3-D printing company Desktop Metal NYSEDM has been one of the years less impressive special purpose acquisition company SPAC IPOs.
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