As previously announced on May 25, 2023, subject to the terms and conditions of the merger agreement, Stratasys and Desktop Metal will combine in an all-stock transaction, in which Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock. The closing of the transaction is expected to occur in the fourth quarter of 2023, subject to receipt of required regulatory approvals and satisfaction or waiver of the other conditions to completion of the merger.