Sunrise, Florida, December 27, 2020 (GLOBE NEWSWIRE) – Nano Dimension Ltd. (Nasdaq: NNDM), a leading supplier of additional electronics (AME) / PE (Printed Electronics), announced today that it has entered into definitive agreements with investors for the sale of 33,333,334 U.S. Deposit Shares (ADSs) at a price of $ 7.50 per ADS according to a registered direct offer. The gross proceeds of the offer will amount to approximately $ 250 million before deductions for placement agents and other estimated listing expenses. The company intends to use the net return for working capital and for other general corporate purposes, and to pursue strategic opportunities, including possible mergers. The closing of the registered direct offer is expected to take place on 30 December 2020, subject to the satisfaction of the normal closing conditions.
ThinkEquity, a division of Fordham Financial Management, Inc., acts as the sole placement agent for the offer.
This offer is made on the basis of an effective shelf registration statement on Form F-3 (File No. 333-251155) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offer will be submitted to the SEC and will be available on the SEC Web site at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, if available, from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, Telephone: (877) 436-3673; Email: [email protected]. Before investing in this offering, stakeholders should read the prospectus supplement and the accompanying prospectus and the other documents the company has submitted to the SEC and which are incorporated by reference into such prospectus supplement and the accompanying prospectus, which provide more information. about the company and such offer.
This press release is not an offer to sell or the request to buy an offer, nor will there be any sale of these securities in any state or jurisdiction in which such offer, invitation or sale would be illegal prior to registration or qualification under the security laws of such a state or jurisdiction.
About Nano Dimension
Nano Dimension (Nasdaq: NNDM) is a supplier of intelligent manufacturing electronics (AME) machines. Active electronic and electromechanical chassis with high reliability are an integral switch for autonomous intelligent drones, cars, satellites, smartphones and medical devices in vivo. It requires iterative development, IP security, fast-paced marketing and device performance, which AME commands for internal, rapid prototyping and production. Nano Dimension machines meet operational needs by depositing their own consumable conductive and dielectric materials simultaneously, while at the same time integrating in-situ capacitors, antennas, coils, transformers and electromechanical components to deliver unprecedented work. Nano Dimension bridges the gap between printed circuit and semiconductor integrated circuits. A push of a button: from computer-aided design (CAD) to a functional high-performance AME device in hours, only at the expense of consumables.
For more information, please visit www.nano-di.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Security Reform Act of 1995 and other federal security laws. Words such as ‘expect’, ‘expect’, ‘intend’, ‘plan’, ‘believe’, ‘seek’, ‘estimate’ and similar expressions or variations of such words are intended to identify forward-looking utterances. For example, Nano Dimension uses forward-looking statements in this press release when it discusses the expected timing of the completion of the offer and the planned use of the net proceeds from the offer. As such statements are about future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. Actual results, achievements or achievements of Nano Dimension may differ materially from those described or implied in the press releases. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Form 20-F Annual Report to the Securities and Exchange Commission (“SEC”). is). ”) On 10 March 2020 and in any subsequent submission to the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to disclose any amendments to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events. References and links to websites are conveniently provided, and the information on such websites is not referenced by this press release. Nano Dimension is not responsible for the content of third party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, CFO | [email protected]