Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2020

ACQUISITIONS

Schedule of reconciliation of business combination to Statement of Cash Flows and Statement of Changes in Equity


		Recapitalization (as restated)
Cash – Trine's trust and cash (net of redemptions)		$	305,084,695
Cash – PIPE financing			274,975,000
Less: transaction costs and advisory fees paid			(45,463,074)
Net proceeds from reverse recapitalization			534,596,621
Plus: non-cash net liabilities assumed ⁽¹⁾			(152,394,714)
Less: accrued transaction costs and advisory fees			(1,900,793)
Net contributions from reverse recapitalization		$	380,301,114

Schedule of number of shares issued on consummation of business combination


		Number of Shares
Common stock, outstanding prior to Business Combination			30,015,000
Less: redemption of Trine shares			(26,049)
Common stock of Trine			29,988,951
Trine Founder Shares			5,552,812
Trine Director Shares			100,000
Shares issued in PIPE financing			27,497,500
Business Combination and PIPE financing shares			63,139,263
Legacy Desktop Metal shares ⁽¹⁾			161,487,334
Total shares of common stock immediately after Business Combination			224,626,597