Desktop Metal Adopts Limited Duration Shareholder Rights Plan; Shareholders To Buy One One-thousandth/Share Of Newly-Created Series A Junior Participating Preferred Stock At An Exercise Price Of $9.00
Portfolio Pulse from Benzinga Newsdesk
Desktop Metal has adopted a limited duration shareholder rights plan, allowing shareholders to buy one one-thousandth of a share of the newly-created Series A Junior Participating Preferred Stock at an exercise price of $9.00.

May 30, 2023 | 12:12 pm
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Desktop Metal's adoption of a limited duration shareholder rights plan may impact its stock price in the short term.
Desktop Metal's adoption of a limited duration shareholder rights plan allows shareholders to buy a fraction of the newly-created Series A Junior Participating Preferred Stock at an exercise price of $9.00. This may impact the stock price in the short term, but the direction of the impact is uncertain as it depends on the market's reaction to the news and the overall demand for the new preferred stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100