Desktop Metal, Inc.

DM

After the market closed on November 8, Desktop Metal announced an independent investigation resulting from an internal whistleblower complaint concerning the company’s EnvisionTec subsidiary. On November 15, the CEO of EnvisionTec resigned and the company disclosed compliance issues with shipments from EnvisionTec resulting in FDA regulatory activity.

Shares of Desktop Metal stock fell 7% in intraday trading on November 9, 2021, after the initial disclosure, and dropped over 5% in aftermarket hours trading following the subsequent disclosures on November 15, 2021.

Lead Plaintiff deadline
class period
to
Case Documents
No documents available. Contact us if you need a case document.