Fred (Farhad) Ebrahimi and his spouse Mary Wilkie Ebrahami acquired a complete of three,549,961 shares of Stratasys. Based mostly on the variety of shares, filed with the Securities Trade Fee on November 16, 2023, this represents 5.13% of Stratasys’ excellent Widespread Inventory. On the present inventory worth, this funding is price about $47 million. Inventory worth didn’t change dramatically after the transaction, persevering with to commerce at about 10% from the 2014 peak ranges at about $13 per share.
To make it much more attention-grabbing, Ebrahimi can also be the biggest stockholder of Desktop Metallic as he acquired 23,881,002 shares in June 2023, representing 7.43% of the corporate’s shares. In line with a report by The 3D Printing Heart, Ebrahimi utilized for “activist investor” standing to promote half 1,000,000 shares on June 5, 2023, nonetheless holding 7.26% of the shares – greater than the following largest buyers firms – Vanguard and Blackrock, which have 6.94% and 6.5% of shares, respectively. Extra lately Ebrahimi bought extra shares of Desktop Metallic and now owns 15% of the corporate, which is valued at $206 million on the New York Inventory Trade.
However the rabbit gap goes even deeper. As many most likely keep in mind the destinies of Stratasys and Desktop Metallic have been closely intertwined. Stratasys was a serious early investor in Desktop Metallic and the 2 firms partnered as much as share lots of the resellers in Stratasys’ international community. Final yr, Stratasys and Desktop Metallic appeared set for a merger however the merger didn’t obtain shareholders’ approval, beneath stress from opponents 3D Methods and Nano Dimension.
This could be just the start of extra attention-grabbing developments since Nano Dimension can also be the biggest single stockholder of Stratasys. After elevating greater than $1.5 billion in money on Nasdaq throughout the growth occasions between 2020 and 2022, Nano Dimension purchased a 14% stake in the summertime of 2022. In line with varied stories, Ebrahimi helps the corporate’s merger with Stratasys. Will Ebrahimi and Nano Dimension’s outspoken CEO Yoav Stern go face to face or associate up within the months to return, because the AM business inevitably strikes in the direction of consolidation?
Ebrahimi made his wealth as a cofounder of software program publishing large Quark, which was bought to a personal fairness fund in 2011. In line with the Israeli web site Globes, Ebrahimi and his spouse are actually a party-at-interest in Stratasys. Ebrahimi reported to the US Securities Trade Fee (SEC) that he started shopping for Stratasys shares in November 2023. The report on the holding is a report as an activist investor however states that at this stage Ebrahimi has no plans on strikes corresponding to mergers and acquisitions, half gross sales from the property, or a change within the firm’s administration or board of administrators.
Globes stories that Ebrahimi, 85, from Denver, Colorado immigrated to the US from Iran and graduated from MIT and UCLA within the 60s and 70s. He served as Quark CEO for almost 20 years from 1986. Collectively together with his spouse Mary he has been engaged in philanthropy in recent times and a number of other years in the past donated $410,000 to the UCLA’s Heart for Close to East Research to arrange a program for learning the Iranian diaspora. In line with Forbes, Ebrahimi’s wealth is price $1.2 billion.
