The ‘significant strategic investment’ is said to highlight a shared vision for the future of manufacturing and the potential of 3DEO’s proprietary Intelligent Layering technology.
Nano Dimension has announced that the waiting period under the United States Department of Justice (DOJ) Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with its definitive agreement to acquire Desktop Metal.
The restructuring plan assumes the conversion of liabilities to the largest partners into the company's shares, full repayment of the principal amount of liabilities worth less than PLN 130,and public law liabilities.
According to a post on LinkedIn, the 3D printing service provider’s Eindhoven team, together with two co-founders, have successfully acquired its assets and will operate under a new name Manuevo.
The two organisations signed a non-binding letter of intent to merge and list on the stock exchange in November 2023, with BigRep opening the trading day with a bell-ringing ceremony at the Frankfurt Stock Exchange earlier this week.
According to 3D-Fuel, this renewed independence will allow the company 'to return to the quality, reliability, and customer support' that built its reputation in the desktop 3D printing market.
The funds will be used for increased marketing spend, investments into improving manufacturing productivity and the development of a new generation of 3D printing machines based on selective laser sintering of plastics.
Velo3D has received a noncompliance notice from the New York Stock Exchange because its average total market capitalisation and stockholders equity over a consecutive 30-day period were both less than 50 million USD.
The company says the latest round of funding marks a 'crucial step' towards the widespread adoption of its metal 3D printing technology, which has been designed to enable precision tooling.
