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  "documentTitle": "Nano Dimension | Mergers and Acquisitions Presentation Deck | 16 slides",
  "authorId": "nano-dimension",
  "authorName": "Nano Dimension",
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  "sourceTypeSlug": "investment_bank",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "The slide uses a red-bordered box to emphasize the negative arguments against the merger.",
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      "text": "Stratasys + Desktop Metal",
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      "text": "Demonstrates a lack of conviction by SSYS board in their own plan, who have rejected NNDM’s offers. Dilutes shareholders, leaving a shareholder with 1 share to have only 0.59 shares in an unprofitable company. Not a true “merger of near equals”: gross margins: SSYS: 44%, DM: (3%). Bails out DM, who are running out of cash after destroying over $2 billion of cash shareholder value. Poised for a challenging integration given DM’s 10 acquisitions in 2021 alone.",
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      "kind": "source-note",
      "text": "Notes: (1) Based on Q1 2023 financials",
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      "kind": "title",
      "text": "SSYS overpays for DM & creates huge dilution for shareholders",
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      "evidence": "Slides 4-8 expose contradictions and critique SSYS's strategy",
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      "evidence": "The document implies that not accepting the offer leads to continued dilution and uncertainty",
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