Desktop Metal (DM) to go public through Trine Acquisition (TRNE) SPAC

The vote for taking Desktop Metal (DM) has concluded, shareholders of Trine Acquisition (TRNE) has approved the taking of Desktop Metal deal.

The tech company that produces and designs 3D printing systems, is about to achieve a major milestone. Following in the footsteps of many SPACs this year, is now all set to become a public entity by merging with Trine Acquisition.

What’s included in the proposal

(1) The Business Combination Proposal—To consider and vote upon a proposal to approve the Agreement and Plan of Merger, dated as of August 26, 2020;

(2) The Charter Amendment Proposal—To consider and vote upon a proposal to adopt an amendment to Trine’s amended and restated certificate of incorporation currently in effect in the form attached to the Merger Agreement;

(3) The Charter Approval Proposal—To consider and vote upon a proposal to adopt the Second Amended and Restated Certificate of Incorporation;

(4) The Governance Proposal;

(5) The Director Election Proposal—To consider and vote upon a proposal to elect 10 directors to serve on the Board of Directors of the Post-Combination Company;

(6) The Merger Issuance Proposal—To consider and vote upon a proposal to approve, for purposes of complying with applicable listing rules of the New York Stock Exchange (the ‘‘NYSE’’), the issuance of shares of Class A common stock pursuant to the Business Combination;

(7) The Subscription Agreements Proposal—To consider and vote upon a proposal to approve, for purposes of complying with applicable listing rules of the NYSE, the issuance of shares of Class A common stock pursuant to the Subscription Agreements;

(8) The Incentive Plan Proposal—To consider and vote upon a proposal to approve and adopt the Incentive Plan;

(9) The Adjournment Proposal—To consider and vote upon a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Business Combination Proposal;

Desktop Metals is expected to trade under ticker symbol DM.

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Jay Lorrence
Investor of 12 years and Managing Editor of Money Midnight, a news outlet focused on highly profitable investment ideas and bold underground research.
Articles: 231

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