Desktop Metal, backed by a large consortium of corporates, will merge with special purpose acquisition company Trine to list on the NYSE at a $2.5bn valuation.
Desktop Metal, a US-based additive manufacturing technology producer that counts several corporates among its investors, agreed yesterday to a reverse merger with special purpose acquisition company Trine Acquisition Corp.
The company will get Trine’s listing on the New York Stock Exchange (NYSE) once the deal closes later this year. The combined business is expected to be valued at $2.5bn and Desktop Metal’s shareholders will own approximately 74% of its shares.
The deal will net Desktop Metal $575m in financing, including…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
