04:24 PM EST, 12/20/2024 (MT Newswires) -- Desktop Metal ( DM ) said Friday it filed a lawsuit against Nano Dimension ( NNDM ) alleging that Nano Dimension ( NNDM ) has breached its obligation to use "reasonable best efforts" to get regulatory clearance for their planned merger.

Desktop Metal ( DM ) said the Delaware Court of Chancery has scheduled a hearing on Dec. 30 to consider its motion for an expedited trial next month.

Desktop Metal ( DM ) said it is seeking specific performance, including requiring Nano Dimension ( NNDM ) to cooperate in getting clearance by the Committee on Foreign Investment in the US, or CFIUS.

The remaining regulatory condition to closing the deal is receipt of CFIUS approval, Desktop Metal ( DM ) said.

Desktop Metal ( DM ) also said it's seeking injunctive relief preventing Nano Dimension ( NNDM ) from ending the merger agreement.

Nano Dimension ( NNDM ) didn't immediately respond to a request for comment by MT Newswires.