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Before November 15, 2026, noteholders will have the right to convert their notes in certain circumstances and during specified periods. The notes will mature on May 15, 2027, unless earlier repurchased, redeemed or converted. The notes will be senior, unsecured obligations of Desktop Metal and will accrue interest at a rate of 6.0% per annum, payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2022. Desktop Metal also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $15,000,000 principal amount of notes. The issuance and sale of the notes are scheduled to settle on May 13, 2022, subject to customary closing conditions. (NYSE: DM) today announced the pricing of its offering of $100,000,000 aggregate principal amount of 6.0% convertible senior notes due 2027 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

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