Desktop Metal, Inc. a leader in mass production and turnkey additive manufacturing solutions, has announced it will become a publicly listed company in order to accelerate its growth trajectory within the rapidly growing additive manufacturing market and capitalize on the strong secular tailwinds supporting the reshoring of manufacturing and supply chain flexibility. The Company has signed a definitive business combination agreement with Trine Acquisition Corp., a special purpose acquisition company led by Leo Hindery, Jr. and HPS Investment Partners, a global credit investment firm with over US$60 billion in assets under management. Upon closing of the transaction, the combined operating company will be named Desktop Metal, Inc. and will continue to be listed on the New York Stock Exchange and trade under the ticker symbol “DM.”
Latham & Watkins LLP represents Desktop Metal, Inc. in the transaction with a corporate deal team led by Houston partner Ryan Maierson, Boston partners Susan Mazur, Emily Taylor and John Chory, with Houston associates Ryan Lynch, Bryan Ryan, and Boston associates Peter Prial and Martha Anderson. Advice was also provided on tax matters by Los Angeles partner Sam Weiner, with Boston associate Joseph Curran; on intellectual property matters by Boston partner Sarah Gagan, with Boston associate Deborah Hinck; on antitrust matters by Washington, D.C. partner Jason Cruise and Frankfurt partner Max Hauser, with Washington, D.C. counsel Peter Todaro; on environmental matters by Houston partner Joel Mack, with Los Angeles counsel Joshua Marnitz; and on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with Washington, D.C. associate Marysia Mullen.