Stratasys has filed a preliminary Form F-4 with the US Securities and Exchange Commission, along with revenue and EBITDA estimates for its proposed merger with Desktop Metal. The transaction is expected to be completed in Q4 2023. 

The combined company is expected to generate over USD 1.6 billion in revenue and USD 300 million of EBITDA in 2026 at the base case.

The Stratasys board has also decided that the offer by 3D Systems is not superior to that of Desktop Metal’s.

Analyst QuickTake: Last month, Stratasys and Desktop Metal announced that the two companies had entered a definitive agreement to merge in an all-stock transaction. Additive manufacturing company 3D Systems also approached Stratasys some days later, proposing a merger. Furthermore, Stratasys rejected Nano Dimension’s partial tender offer last month (following the offer to fully acquire the company in March, which was also rejected).