10:54 AM EDT, 03/25/2025 (MT Newswires) -- Desktop Metal ( DM ) rallied Tuesday, recently climbing nearly 90%, after the 3-D printer company announced that the Delaware Court of Chancery ruled in its favor in a legal dispute with Nano Dimension ( NNDM ) over their planned merger.

The court found that Nano Dimension ( NNDM ) materially breached the merger agreement and ordered the company to proceed with the deal. Specifically, the court mandated that Nano execute a national security agreement with the Committee on Foreign Investment in the US, which is the final regulatory condition for closing the transaction.

Desktop Metal ( DM ) and Israel-based Nano Dimension ( NNDM ) announced the merger agreement on July 2, 2024, valuing Desktop Metal ( DM ) at $5.50 per share in an all-cash deal, or about $183 million.

Desktop Metal ( DM ) shareholders approved the deal in October, but the company sued Nano Dimension ( NNDM ) in December, alleging the company failed to use "reasonable best efforts" to obtain regulatory clearance.

Nano Dimension ( NNDM ) shares recently were sinking over 16%. The company, which Desktop said can immediately appeal the decision to the Delaware Supreme Court, did not respond to a message from MT Newswires seeking comment on Tuesday.

Price: 4.26, Change: +1.99, Percent Change: +87.67