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May 31, 2023

A complete timeline of the Stratasys + Nano Dimension + Desktop Metal + 3D Systems story (so far)

A timeline of all events relevant to the ongoing story, dating back to when TCT went behind the scenes at Desktop Metal in 2017, three years before the company went public. This timeline will be

A timeline of all events relevant to the ongoing story, dating back to when TCT went behind the scenes at Desktop Metal in 2017, three years before the company went public. This timeline will be updated whenever a new development in the ongoing story is announced.

20 July 2023

09:47

TCT Magazine

August 23 - Stratasys shareholders to vote on Desktop Metal merger at upcoming meeting

August 23 - Stratasys SEC filing

August 22 - Stratasys and Desktop Metal receive second information request from DOJ’s Antitrust Division

August 18 - Nano Dimension issues presentation highlighting "the significant long-term value creation opportunity at risk" with Murchinson’s "self-serving" campaign

August 17 - Murchinson releases investor presentation outlining "need for boardroom change" at Nano Dimension.

August 16 - Nano Dimension CEO urges shareholders to ‘protect their investment’ at next month’s AGM

August 11 - Nano Dimension CEO to resign if Murchinson gains representation on Nano Board

August 9 - 3D Systems Reports Second Quarter 2023 Financial Results

August 9 - Stratasys Releases Second Quarter 2023 Financial Results

August 9 - Nano Dimension addresses Murchinson's nominees to its Board of Directors and initiates $227.5 million share repurchase plan

August 8 - Stratasys shareholders re-elect all eight director nominees to the Stratasys Board

August 7 - Murchinson in new attempt to enact change at Board level of Nano Dimension

August 1 - Nano Dimension announces expiration of $25 per share Stratasys offer after 5.6% of shares tendered

July 28 - Stratasys 'still waiting' for detailed cost synergy analysis from 3D Systems as companies explore merger

July 28 - Nano Dimension to “stand down” on Stratasys and withdraw special tender offer

July 27 - 3D Systems announces date for completion of Stratasys merger discussions

July 27 - Independent proxy advisory firms recommend Stratasys shareholders vote against Nano Dimension nominees at 2023 AGM

July 26 - Stratasys mails letter to shareholders highlighting Nano Dimension’s “track record of value destruction”

July 26 - Nano Dimension Issues Presentation Highlighting the Need to "Replace the Stratasys Board" and Detailing Nano’s "Value-Driven Path Forward" for Stratasys

July 25 - Nano Dimension “sets the record straight” for Stratasys shareholders with video message from CEO

July 21 - Stratasys mails letter to shareholders highlighting risks of a “misleading campaign” from Nano Dimension & claims Nano CEO “cannot be trusted”

July 20 - Nano Dimension files complaint in NY Supreme Court alleging shareholder “misconduct”

July 20 - Nano Dimension details intentions for Stratasys board changes & comments on legality of Stratasys shareholder rights plan

July 19 - Stratasys files investor presentation

July 19 - Stratasys board rejects $25 per share Nano Dimension offer & claims Nano CEO is “not qualified” to manage the company

July 18 - Nano Dimension increases Stratasys offer to $25 per share and says 3D Systems proposal is “misleading”

July 17 - 3D Systems expects Stratasys merger agreement to be signed and Desktop Metal merger to be terminated this week

July 17 - Stratasys to enter discussions with 3D Systems despite Desktop Metal merger agreement

July 14 - The Donerail Group Delivers Open Letter to the Stratasys Board of Directors

July 13 - 3D Systems submits third Stratasys takeover offer, worth $2 billion

July 12 - U.S. District Court dismisses Nano Dimension lawsuit against Murchinson and other shareholders; Nano responds

July 12 - Stratasys files proxy statement for 2023 AGM and mails letter to shareholders regarding Nano Dimension offer

July 10 - Nano Dimension submits new Stratasys offer of $24 per share in cash & says it would support a combination between Stratasys and 3D Systems as a ‘strategic alternative’ following the successful completion of the tender offer.; Stratasys to review the offer and advise shareholders within 10 working days

July 5 - Stratasys shareholders to vote on Nano Dimension’s proposed Board of Directors at 2023 AGM

June 30 - 3D Systems reaffirms commitment to combination with Stratasys

June 30 - Stratasys rejects latest 3D Systems acquisition proposal; again urgers shareholders not to tender shares to Nano Dimension

June 30 - Stratasys shareholder Donerail Group LP expresses concern over Desktop Metal merger in open letter

June 27 - Stratasys to advise shareholders on latest Nano Dimension offer within 10 working days

June 27 - Nano Dimension increases special tender offer price for Stratasys shareholders and extends offer period

June 27 - 3D Systems submits improved Stratasys takeover bid; Stratasys board to review

June 21 - Nano Dimension responds to Stratasys

June 21 - Stratasys re-addresses Nano Dimension tender offer

June 20 - Stratasys responds to 3D Systems takeover bid (& 3D Systems respond back)

June 20 - 3D Systems issues update to shareholders on its proposal to acquire Stratasys

June 15 - Nano Dimension - Let's Talk #23 - Message to Stratasys Shareholders To Highlight $18 All-Cash Tender Offer 14/06/23

June 14 - Nano Dimension reaffirms all-cash tender offer for Stratasys; describes Desktop Metal merger as ‘value destroying’

June 2 - TCT Interview – Stratasys CEO Yoav Zeif details the strategy behind Desktop Metal merger

June 2 - 3D Systems offer for Stratasys made public

TCT Magazine

May 30 - 3D Systems makes Stratasys takeover attempt

May 30 - Desktop Metal adopts shareholder rights plan to ‘maximise value’ in deal with Stratasys

May 30 - Stratasys board unanimously rejects partial tender offer from Nano Dimension

May 25 - 7 things we learned from Stratasys & Desktop Metal’s Joint Transaction Investors Call

May 25 - Stratasys & Desktop Metal: What we know so far

May 25 - Nano Dimension commences special tender offer for Stratasys

May 25 - Stratasys and Desktop Metal to merge in deal worth $1.8 billion

April 19 - Stratasys comments on “illegitimacy and unclear legality” of acquisition attempt from Nano Dimension; Nano responds

April 13 - Stratasys rejects third bid of $1.22 billion from Nano Dimension

April 10 - Nano Dimension - Let's Talk #22 - Q1/2023 Early Results & M&A Report 10/04/23

April 5 - Stratasys completes Covestro Additive Manufacturing acquisition

April 5 - Nano Dimension announces special tender offer in attempted takeover of Stratasys

April 3 - Nano Dimension revises proposal to acquire Stratasys to $20.05 per share in cash

April 3 - Stratasys rejects improved Nano Dimension takeover bid worth $1.2 billion

March 30 - Nano Dimension increases Stratasys takeover offer to $19.55 per share

March 29 - Nano Dimension - Let's Talk #21 - Analysis of Stratasys Transaction 29/03/23

March 23 - Nano Dimension - Let's Talk #20 - In Hebrew: Yoav Continues on Fake News & Questionable Partnership PT2 23/03/23

March 23 - Nano Dimension - Let's Talk #19 - In Hebrew: Falsity & Fakeness of The Murchinson Shareholder Meeting PT1 23/03/23

March 22 - Nano Dimension - Let's Talk #16 - The Falsity of Murchinson’s Shareholder Meeting 22/03/23

March 22 - Nano Dimension calls out “falsehoods, misinformation” from Murchinson

March 22 - Stratasys rejects $1.1 billion takeover bid from Nano Dimension

March 21 - Nano Dimension say its shareholders overwhelmingly did not support Murchinson’s proposals in ‘invalid meeting’ and says: Murchinson deceives, but the numbers don’t lie’

March 20 - Murchinson declares victory in battle for Nano Dimension

March 20 - Nano Dimension - Let's Talk #13 - Misconceptions By Anson, While Bistricer is In Hiding 20/03/23

March 16 - Nano Dimension - Let's Talk #12 - Capital Allocation in Nano Dimension 16/03/23

March 15 - Nano Dimension - Let’s Talk #11 - Chairman & CEO Responds: The Latest False Claims by Murchinson and Anson 15/03/23

March 14 - Nano Dimension - Let's Talk #10 - Stratasys is a strategic financial opportunity for Nano Dimension 14/03/23

March 13 - Nano Dimension - Let's Talk #9 - Proposed Stratasys Acquisition 13/03/23

March 12 - Nano Dimension - Let's Talk #8 - In Hebrew: Setting the Record Straight 12/03/23

March 10 - Nano Dimension offers $1.1 billion to acquire Stratasys

March 9 - Nano Dimension - Let's Talk #7 - Nano Answers Questions from a Very Confused Shareholder (a/k/a Murchinson) 09/03/23

March 9 - Nano Dimension - Let's Talk #6 - Deepcube and Addressing Allegations Made by Murchison 09/03/23

March 8 - Nano Dimension - Let's Talk #5 - Q&A 08/03/23

March 7 - Nano Dimension reiterates that shareholder meeting held by Murchinson is “illegal and invalid”

March 6 - Murchinson issues presentation detailing ‘urgent need for change’ at Nano Dimension

March 1 - Nano Dimension - Let's Talk #3 - Q&A and Update 01/03/23

February 17 - Nano Dimension hires Lazard Ltd to advise on potential mergers and acquisitions

February 16 - Nano Dimension - Let's Talk #1 - 3D Culture: Deliver, Diversify & Drive Forward 16/02/23

February 13 - Murchinson announces special general meeting of Nano Dimension shareholders

February 3 - TCT Explainer: The power struggle at Nano Dimension

February 2 - Desktop Metal to lay off a further 15% of workforce as $50m cost reduction plan commences

February 2 - Nano Dimension shareholder Murchinson issues letter to fellow shareholders regarding “urgent need” for boardroom change at Nano

January 31 - Nano Dimension issues letter to shareholders, calls Murchinson “Shady”

January 30 - Nano Dimension adopts shareholder rights plan to prevent takeover bid

TCT Magazine

December 14 - Nano Dimension comments on “recent shareholder activity” and launch of “shocking smear campaign” from small entity within shareholders

August 9 - TCT Explainer: Why Stratasys is acquiring Covestro’s additive manufacturing business

August 8 - Stratasys set to acquire Covestro’s 3D printing materials business

August 1 - TCT Additive Insight Podcast #95 – Nano Dimension acquires stake in Stratasys

July 25 - TCT Explainer: Why Nano Dimension has invested in Stratasys

July 25 - Stratasys deploys shareholder rights plan in bid to deter hostile takeover

July 18 - Nano Dimension acquires 12% stake in Stratasys

June 13 - Desktop Metal to lay off 12% of staff and consolidate facilities footprint

March 11 - TCT Interview: Stratasys CEO Yoav Zeif: ‘You wake up & you can transform the way we are making things. I’m grateful for that opportunity.’

August 12 - Desktop Metal to acquire ExOne in $575 million deal

July 30 - TCT Additive Insight #66 – Desktop Metal acquires Aerosint; Fast Radius goes public + developments at SPEE3D

March 26 - TCT Additive Insight #58 - Stratasys enters powder bed fusion market

March 24 - Stratasys enters powder bed fusion market

March 15 - Desktop Metal launches Desktop Health business line with Michael Mazen Jafar at the helm

February 26 - TCT Additive Insight #55 – Stratasys acquires RPS + office friendly metal 3D printing developments

January 22 - TCT Additive Insight #52 – Desktop Metal buys EnvisionTEC + more 3D printing acquisitions

January 15 - Desktop Metal acquires EnvisionTEC in $300 million deal

December 10 - Desktop Metal now publicly listed on New York Stock Exchange as Trine acquisition approved

December 9 - Stratasys to acquire 3D printing start-up Origin in $100 million deal

August 25 - Desktop Metal to go public at value of $2.5 billion in deal with Trine Acquisition Corp

December 17 - Yoav Zeif appointed as CEO of Stratasys

December 5 - Yoav Stern appointed as President and CEO of Nano Dimension

March 19 - Desktop Metal receives $65 million in funding round led by Ford Motor Company

May 9 - Stratasys and Desktop Metal announce extension of strategic partnership

April 25 - TCT goes behind the scenes at Desktop Metal HQ

July 6 - GE Ventures and Saudi Aramco invest in 3D printing startup Desktop Metal

20 July 2023

09:47

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