As of today, December 10th, TRINE ACQUISITION CORP is to be negotiated on the NYSE under the Desktop Metal name, changing ticker from TRNE to DM and ISIN US89628U1088 to US25058X1054. That’s the note I got in my stock portfolio today. No huge surprise there. It was in the works and there probably is no better time.
Desktop Metal is betting (like all other serious contenders in the AM space – Stratasys just spent $100 million on this) that, within the next 5 years, AM will become a real, effective and cost-efficient production method. If this happens then the company will be able to generate $1 billion in yearly revenues (as it expects), from below $30 million today, and – if that happens (stressing the “if”) – then it will definitely be worth $5 billion, as its early private investors expect.