Exhibit 99.1
Desktop Metal Dismisses Markforged from Previously Filed Complaint
WALTHAM, Mass., January 24, 2025 Markforged Holding Corporation (Markforged) (NYSE: MKFG), the company strengthening manufacturing
resiliency by enabling industrial production at the point of need, announced today that Desktop Metal, Inc. (Desktop Metal) has voluntarily dismissed Markforged without prejudice from its previously filed complaint against Nano Dimension
Ltd. (Nano) and Markforged brought in connection with Markforgeds pending merger with Nano (the Action).
As previously
announced, on September 25, 2024, Markforged entered into an Agreement and Plan of Merger (the Merger Agreement) with Nano pursuant to which Nano will, subject to the terms and conditions in the Merger Agreement, acquire all
outstanding shares of Markforged (the Merger), with Markforged surviving the Merger as an indirect wholly-owned subsidiary of Nano. Completing the transaction is subject to certain closing conditions, including required regulatory
approvals, and as of January 24, 2025, Markforged has obtained approval for all regulatory filings required pursuant to the Merger Agreement except for its filing with the Committee on Foreign Investment in the United States.
As previously disclosed on January 2, 2025, Desktop Metal filed a complaint captioned Desktop Metal, Inc. v. Nano Dimension Ltd., et al. in the
Delaware Court of Chancery (the Court) in which Nano and Markforged were named as defendants (the Complaint). The Complaint generally alleges that Nano breached the terms of its merger agreement with Desktop Metal by
subsequently entering into the Merger Agreement with Markforged, and that closing the Merger prior to the pending merger between Desktop Metal and Nano (the Desktop Metal Merger) would jeopardize the parties ability to close the
Desktop Metal Merger. In the Complaint, Desktop Metal requested, among other forms of relief, an order from the Court enjoining consummation of the Merger until the Desktop Metal Merger has closed. Markforged believes that Desktop Metals
claims and the requested relief against Markforged are without merit.
On January 22, 2025, Desktop Metal filed a notice of voluntary dismissal with
the Court to dismiss Markforged from the Action, without prejudice.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and other Federal securities laws. Words such as expects, anticipates, intends, plans, believes, seeks, estimates, and similar expressions or variations
of such words are intended to identify forward-looking statements. Specifically this press release includes statements regarding: (i) the ability of Markforged and Nano to complete the transactions contemplated by the Merger Agreement,
including the parties ability to satisfy the conditions to the consummation of the Merger contemplated thereby, (ii) dismissal of Markforged from the Action, (iii) Markforgeds intentions with respect to completion of the
Merger, (iv) the impact of the combination of Desktop Metal, Nano and Markforged, (v) Markforgeds beliefs regarding the merits of the Complaint, and (vi) Nanos or Markforgeds objectives, plans and strategies. Because
such statements deal with future events and are based on Nanos and Markforgeds current expectations, they are subject to various risks