Replies to post #466097 on ORIONS Money Stocks

[deadjim]

TRNE - Nice RR on that, gap around 10 Incase of oops.


In a Wednesday press release, Burlington, Massachusetts-based Desktop Metal Inc. announced plans to go public through a merger agreement with special purpose acquisition company (SPAC) Trine Acquisition Corp. (NYSE:TRNE). The combined entity will be named Desktop Metal Inc. with an estimated equity value of $2.5 billion, continuing to be listed on the New York Stock Exchange under the ticker DM.

The press release said Desktop Metal views a public listing as a way to "accelerate its growth trajectory" and "capitalize on the strong secular tailwinds supporting the reshoring of manufacturing and supply chain flexibility."

The company reported the additive manufacturing industry experienced 20% annual growth in the decade extending from 2006, but has accelerated to a 25% compound annual growth rate in the last three years. The industry is expected to reach $146 billion in 2030 after closing 2019 at $12 billion in market size.