Deskop Metal is Now a Publicly Traded Pure-Play Additive Manufacturing 2.0 Company

It’s official. US-based manufacturer of metal & carbon fiber 3D printers Desktop Metal is officially a publicly traded additive manufacturing company.

As a reminder, the intent to go public was announced after Desktop Metal agreed to a reverse merger with special purpose acquisition company (SPAC) Trine Acquisition Corp and global credit investment firm HPS Investment Partners.

Now that the business combination is completed, the resulting company, named Desktop Metal, Inc. and its common stock and warrants are expected to commence trading on the New York Stock Exchange under the new ticker symbol “DM” and “DM.WT” as from today (on December 10, 2020).

The transaction was unanimously approved by the board of directors of Trine and was also approved at a special meeting of Trine’s stockholders on December 8, 2020. As a result of this transaction, Desktop Metal has received approximately $580 million of gross proceeds from Trine’s trust account and concurrent equity private placements.

“Today is an exciting moment and major milestone for our company and for the additive manufacturing (AM) industry at large,” said Ric Fulop, Co-founder and Chief Executive Officer of Desktop Metal. “With a broad portfolio of solutions offering revolutionary ease-of-use and productivity for the AM industry, Desktop Metal is uniquely positioned to disrupt how parts are made across a wide range of industries. The capital raised through our transition to a publicly traded company will accelerate our global go-to-market efforts, enhance our relentless efforts in R&D, and allow us to capitalize on the tremendous growth opportunities we see over the next decade as we integrate industry-leading technology and intellectual property with strong secular growth trends around AM. We are excited to bring Desktop Metal to the public markets as the only pure play Additive Manufacturing 2.0 (AM 2.0) company and offer everyone the opportunity to invest in a company aiming to transform the manufacturing industry.”

The intent to go public had made a real splash within the industry, and raised so many questions within the AM sphere. This achievement is not only a huge milestone for Desktop Metal, it is a huge milestone for the entire AM industry.

Remember, you can post free of charge job opportunities in the AM Industry on 3D ADEPT Media or look for a job via our job board. Make sure to follow us on our social networks and subscribe to our weekly newsletter : FacebookTwitterLinkedIn & Instagram ! If you want to be featured in the next issue of our digital magazine or if you hear a story that needs to be heard, make sure to send it to