Desktop Metal rises after Delaware court orders Nano Dimension to complete merger

Shares of Desktop Metal DM.N rise 88.9% to $4.29 in morning trading

Delaware Court of Chancery has ruled in favor of DM in its pending litigation against Nano Dimension 2N5By.F regarding merger between both companies

Court, in its March 24 post-trial opinion and order, found that Nano had breached merger agreement

It rejected Nano's counterclaims and granted DM specific performance

Court has ordered that within 48 hours of its order, Nano must agree to and execute national security agreement with Committee on Foreign Investment in the United States (CFIUS)

This would be sole remaining condition to closing the merger

If the closing does not occur by March 31, end date under merger agreement may be extended, at DM's discretion, until the closing of merger, court further ordered

Including session's moves, DM stock up 81.2% YTD