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    Amendment: SEC Form SC 13D/A filed by Desktop Metal Inc.

    11/13/24 10:01:01 AM ET
    $DM
    Industrial Machinery/Components
    Technology
    Get the next $DM alert in real time by email
    SC 13D/A 1 desktop_metal_13da_11132.htm SC 13D/A SC 13D/A

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13D/A
    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

    (Amendment No. 12) *

     

     

    Desktop Metal, Inc.

    (Name of Issuer)

     

    Common Stock

    (Title of Class of Securities)

     

    25058X303

    (CUSIP Number)

     

    Brad Nelson

    191 University Blvd, Suite 246

    Denver, Colorado 80206

    (239) 970-4085

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

    November 11, 2024

    (Date of Event Which Requires Filing of This Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐

     

    NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     


     

    1

     

     NAMES OF REPORTING PERSONS

     

    Farhad Fred Ebrahimi

     

    2

     

     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

              (a) ☐

              (b) ☐

     

    3

     

     SEC USE ONLY

     

    4

     

    SOURCE OF FUNDS (See Instructions)

     

    PF

     

    5

     

    CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ☐

    PURSUANT TO ITEMS 2(d) or 2(e)

     

     

    6

     

     CITIZENSHIP OR PLACE OF ORGANIZATION

     

     United States

     

     

     

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON WITH

     

    7

     

      SOLE VOTING POWER

     

     0 shares

     

    8

     

      SHARED VOTING POWER

     

      6,619,316 shares

     

    9

     

      SOLE DISPOSITIVE POWER

     

     0 shares

     

    10

     

      SHARED DISPOSITIVE POWER

     

    6,619,316 shares

     

    11

     

     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

       6,619,316 shares

     

    12

     

     CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐

     (See Instructions)

     

     

    13

     

     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

     19.85%

     

    14

     

      TYPE OF REPORTING PERSON (See Instructions)

     

      IN

    - 2 -

     


    1

     

     NAMES OF REPORTING PERSONS

     

    Mary Wilkie Ebrahimi

     

    2

     

     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

              (a) ☐

              (b) ☐

     

    3

     

     SEC USE ONLY

     

    4

     

    SOURCE OF FUNDS (See Instructions)

     

    PF

     

    5

     

    CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ☐

    PURSUANT TO ITEMS 2(d) or 2(e)

     

     

    6

     

     CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States

     

     

     

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON WITH

     

    7

     

      SOLE VOTING POWER

     

       0 shares

     

    8

     

      SHARED VOTING POWER

     

     6,619,316 shares

     

    9

     

      SOLE DISPOSITIVE POWER

     

    0 shares

     

    10

     

      SHARED DISPOSITIVE POWER

     

       6,619,316 shares

     

    11

     

     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

     6,619,316 shares

     

    12

     

     CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐

     (See Instructions)

     

     

    13

     

     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

      19.85%

     

    14

     

      TYPE OF REPORTING PERSON (See Instructions)

     

    IN

    - 3 -

     


     

    Schedule 13D/A

     

    This Amendment No. 12 to Schedule 13D amends the Schedule 13D filed on May 30, 2023, as amended by Amendment No. 1 to Schedule 13D filed on June 9, 2023, as amended by Amendment No. 2 to Schedule 13D filed on July 10, 2023, as amended by Amendment No. 3 to Schedule 13D filed on July 24, 2023, as amended by Amendment No. 4 to Schedule 13D filed on August 25, 2023, as amended by Amendment No. 5 to Schedule 13D filed on October 26, 2023, as amended by Amendment No. 6 to Schedule 13D filed on November 17, 2023, as amended by Amendment No. 7 to Schedule 13D filed on January 16, 2024, as amended by Amendment No. 8 to Schedule 13D filed on January 26, 2024, as amended by Amendment No. 9 to Schedule 13D filed on June 17, 2024, as amended by Amendment No. 10 to Schedule 13D filed on August 1, 2024, as amended by Amendment No. 11 to Schedule 13D filed on August 29, 2024.

    ITEM 1.
    Security and Issuer.

    This statement relates to the common stock, $0.0001 par value per share (the "Common Stock"), of Desktop Metal, Inc., a corporation organized under the laws of the State of Delaware, with its principal executive offices at 63 Third Avenue, Burlington, Massachusetts 01803.

    ITEM 2.
    Identity and Background.
    (a)
    This statement is being filed by Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi (the "Reporting Persons").
    (b)
    191 University Blvd, Suite 246, Denver, Colorado 80206.
    (c)
    Farhad Fred Ebrahimi is a private investor, and Mary Wilkie Ebrahimi is not employed.
    (d)
    Neither of the Reporting Persons has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
    (e)
    Neither of the Reporting Persons has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding become (or remain) subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law, or finding any violation with respect to such laws.
    (f)
    United States.
    ITEM 3.
    Source and Amount of Funds or Other Consideration.

    The Reporting Persons paid $2,970,261 from personal funds to acquire the Common Stock.

    - 4 -

     


    ITEM 4.
    PURPOSE OF TRANSACTION.

    The Reporting Persons acquired additional shares of Common Stock.

    The Reporting Persons may make additional purchases of Common Stock or other securities of the Issuer, either in the open market or in private transactions, depending on their evaluation of the Issuer’s business, prospects and financial condition, the market for the Common Stock or other securities, other opportunities available to them, general economic conditions, money and stock market conditions, and other future developments. Depending on these same factors, the Reporting Persons may decide to sell all or part of their investment in the Issuer’s Common Stock.

    Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in:

    (a)
    The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;
    (b)
    An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
    (c)
    A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
    (d)
    Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
    (e)
    Any material change in the present capitalization or dividend policy of the Issuer.
    (f)
    Any other material change in the Issuer’s business or corporate structure.
    (g)
    Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;
    (h)
    Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association.
    (i)
    A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or
    (j)
    Any action similar to any of those enumerated above.

    The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

    - 5 -

     


    ITEM 5.
    INTEREST IN SECURITIES OF THE ISSUER.
    (a)
    Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi jointly hold 6,619,316 shares of the Issuer’s Common Stock. Based on the number of shares reported as outstanding in the Issuer’s 10-Q, filed with the Securities Exchange Commission on October 29, 2024, this represents 19.85% of the outstanding Common Stock of the Issuer.
    (b)
    Number of shares as to which Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi have:
    (i)
    sole power to vote or to direct the vote: 0 shares
    (ii)
    shared power to vote or to direct the vote: 6,619,316 shares
    (iii)
    sole power to dispose or to direct the disposition of: 0 shares
    (iv)
    shared power to vote or to direct the vote: 6,619,316 shares
    (c)
    The following transactions have been effected by the Reporting Persons in the last 60 days or since their last 13D:

    Date of Transaction

    Type of Transaction

    Quantity

    Price per share (in US Dollars)

    9/19/2024

    Purchase of Common Stock

    21,750

    7.50

    9/19/2024

    Purchase of Common Stock

    53,430

    12.00

    9/19/2024

    Purchase of Common Stock

    9,930

    17.00

    9/27/2024

    Purchase of Common Stock

    4,510

    6.66

    9/27/2024

    Purchase of Common Stock

    59,560

    7.72 ( A )

    9/27/2024

    Purchase of Common Stock

    48,010

    12.92

    11/07/2024

    Purchase of Common Stock

    450

    17.00

    11/11/2024

    Purchase of Common Stock

    124,200

    7.08 ( B )

    Note 1: Price per share is reported except as noted below where multiple purchases were conducted on the same day within a one dollar price range, in which case the weighted average purchase price is reported. The Reporting Persons undertake to provide upon request by the staff full information regarding the number of shares purchased at each separate price.

    (A)
    – Price range $7.50 - $7.89
    (B)
    – Price range $6.50 - $7.50

     

     

    All of these transactions were effected by the Reporting Persons through Fidelity Investments’ online brokerage.

     

    (d)
    No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of the shares beneficially owned by any of the Reporting Persons.

    - 6 -

     


    (e)
    Not applicable
    ITEM 6.
    Contracts, Arrangements, Understandings or RelationSHips with Respect to Securities of the Issuer.

    The following PUT options are outstanding that may be exercised by the purchasers. The obligations to buy are subject to conditions which have not occurred and are beyond the Reporting Persons’ control.

    Expiration Date

    Type of Transaction

        Quantity

          Strike Price

    1/17/2025

    Obligation to buy

         138,920

    $10.00

    1/17/2025

    Obligation to buy

         155,320

    $15.00

    1/17/2025

    Obligation to buy

         131,290

    $20.00

    1/17/2025

    Obligation to buy

           10,930

    $25.00

    1/17/2025

    Obligation to buy

           10,400

    $30.00

    1/16/2026

    Obligation to buy

           90,000

    $5.00

    1/16/2026

    Obligation to buy

           64,050

    $15.00

     

     

     

    ITEM 7.
    Material to Be Filed as Exhibits.

    Exhibit A - Power of Attorney

    Exhibit B - Power of Attorney

    Exhibit C - Agreement regarding filing of joint Schedule 13D.

    - 7 -

     


    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated: November 13, 2024

    By: *
    Name: Farhad Fred Ebrahimi

    By:
    **
    Name: Mary Wilkie Ebrahimi

    *By /s/ Brad Nelson
    Brad Nelson as Attorney-in-Fact


    **By:
    /s/ Brad Nelson
    Brad Nelson as Attorney-in-Fact

     

    *This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit A.

     

    **This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit B.

    - 8 -

     


    EXHIBIT INDEX

     

    Exhibit A - Power of Attorney incorporated by reference to Exhibit A to the Schedule 13D filed on May 30, 2023.

    Exhibit B - Power of Attorney incorporated by reference to Exhibit B to the Schedule 13D filed on May 30, 2023.

    Exhibit C - Agreement regarding filing of joint Schedule 13D incorporated by reference to Exhibit C to the Schedule 13D filed on May 30, 2023.

     

    - 9 -

     


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      $NNDM
      Industrial Machinery/Components
      Technology
      Electrical Products