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Started in printed electronics (circuit boards), then turned into a roll-up: it bought Desktop Metal and Markforged in 2025, let Desktop Metal go into Chapter 11 the same year and agreed to sell Markforged to Stratasys in 2026. Under a strategic review since September 2025.

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1. 2022
   Jul 2022

   Builds a 12 percent stake in Stratasys

   Source

2. 2023
   Mar 2023

   Offers 18 dollars a share for all of Stratasys

   A non-binding cash proposal of about 1.1 billion dollars, made on 9 March 2023 and rejected. Later proposals went as high as 25 dollars and were rejected too.

   Source

3. Dec 2023

   Renews its Stratasys bid at 16.50 dollars

   Submitted on 23 December 2023 for all the shares it did not own, below every earlier offer.

   Source

4. 2024
   Jun 2024

   Murchinson takes its fight with the board public

   The activist investor sent an open letter on 28 June 2024 attacking CEO Yoav Stern and the board.

   Source

5. Jul 2024

   Agrees to buy Desktop Metal

   An all-cash deal signed on 3 July 2024 at 5.50 dollars a share, with terms that allowed the price to fall toward 4.07.

   Source

6. Sep 2024

   Agrees to buy Markforged

   Signed on 25 September 2024 at 5.00 dollars a share, about 115 million dollars.

   Source

7. Dec 2024

   Removes CEO Yoav Stern

   After a court ruling validated Murchinson’s board nominees, six directors resigned on 17 December 2024, Stern’s tenure as CEO was terminated and Julien Lederman became interim CEO.

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8. 2025
   Apr 2025

   Closes both acquisitions

   Desktop Metal closed on 2 April 2025 and Markforged on 25 April, the second valued at about 116 million dollars.

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9. Jul 2025

   Desktop Metal files for Chapter 11

   Filed on 28 July 2025, 117 days after the acquisition closed.

   Source

10. Sep 2025

    Replaces its CEO and starts a strategic review

    David Stehlin replaced Ofir Baharav on 10 September 2025, and the company hired Guggenheim Securities and Houlihan Lokey to review its options.

    Source

11. 2025

    Revenue 102.4 million dollars, net loss 293.6 million

    Continuing-operations revenue rose 77.3 percent with Markforged consolidated; Desktop Metal sits in discontinued operations. Cash, deposits and securities were 459.6 million dollars at year end.

    Source

12. 2026
    May 2026

    Agrees to sell Markforged to Stratasys for 42.5 million dollars

    Announced on 27 May 2026, expected to close in the second half of 2026.

    Source

13. Aug 2026

    Suspends its 2026 guidance

    Second-quarter revenue was 29.0 million dollars. Nano skipped its earnings call, sold its AME and Fabrica product lines and agreed to end its headquarters lease on 31 December 2026, holding 433.3 million dollars in cash, deposits and securities at 30 June.

    Source

Informational only, not investment advice. Timeline entries are compiled by hand from public sources and can lag real events. Figures come from company reports and news, not from us. Private companies rarely publish financials; where a figure is not disclosed we say so instead of estimating it.