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  "documentTitle": "Nano Dimension | Mergers and Acquisitions Presentation Deck | 36 slides",
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  "authorName": "Nano Dimension",
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  "presentationDate": "2023-07-01 00:00:00",
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  "notes": "Uses a causal chain/additive framework to build the argument against the transaction.",
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      "text": "Highly Dilutive and Money-Losing + Overpriced + Significant Value Uncertainty + Significant Time to Close",
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      "text": "Lengthy and uncertain time to close driven by requirement for two shareholder votes and regulatory review",
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      "text": "Significant expected Desktop Metal losses are not offset by announced cost synergies",
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      "text": "Merger with de-SPAC with history of overpromises that destroyed $3.8 BILLION(1) shareholder value",
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      "text": "Uncertain longer-term value relies on ambiguous theoretical synergies and unproven Desktop Metal growth story",
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      "text": "Dilutive transaction – giving away ~40% ownership to buy a money-losing company",
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      "kind": "source-note",
      "text": "Source: Company filings, FactSet. Note: Market data as of 5/30/2023; (1) Decrease in equity value since the de-SPAC transaction on 12/10/2020",
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      "text": "The Proposed Desktop Metal Transaction Represents a Bailout of a Cash-Burning, Failed SPAC",
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