Desktop Metal Inc.'s leaders pushed the 3D printing company into an underpriced merger with rival Nano Dimension Ltd. after panicking over a short-term drop in its stock price, according to an unsealed lawsuit.
A shareholder cashed out in the deal is suing Desktop’s co-founder and another former executive, saying they manipulated key metrics to advance their false narrative about a beleaguered business in urgent need of a lifeline. They deliberately kept investors in the dark about financial data that would have contradicted the official story, the suit says.
The heavily redacted court filing blacks out those details. The legal complaint ...
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