Sunrise, Florida, December 27, 2020 (GLOBE NEWSWIRE) – Nano Dimension Ltd. (Nasdaq: NNDM), a leading supplier of Manufactured Electronics Additives (AME) / PE (Printed Electronics), announced today that it has entered into definitive agreements with investors for the sale of 33,333,334 American Depositary Shares (“ADSs”) of the Company at a price of $ 7.50 per ADS in accordance with a registered direct offer. Gross offer revenue will be approximately $ 250 million, before deducting placement agent fees and other estimated offer expenses. The Company intends to use net resources for working capital and other corporate purposes in general, and in search of strategic opportunities, including possible business combination transactions. The closing of the registered direct offer is expected to take place on or around December 30, 2020, subject to the satisfaction of the usual closing conditions.
ThinkEquity, a division of Fordham Financial Management, Inc., is acting as the sole placement agent.
This offer is being made in accordance with an effective shelf registration statement on Form F-3 (File No. 333-251155) previously filed with the United States Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement can be obtained, when 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 offer, interested parties should read in full the prospectus supplement and the attached prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such a prospectus supplement and in the attached prospectus, which provide more information about the Company and such offer.
This press release must not constitute an offer to sell or the solicitation of an offer to purchase, nor should there be any sale of such securities in any state or jurisdiction where such offer, solicitation or sale is illegal prior to registration or qualification under the terms of securities laws of any state or jurisdiction.
About Nano Dimension
Nano Dimension (Nasdaq: NNDM) is a supplier of intelligent machines for the manufacture of Additively Manufactured Electronics (AME). Active electronic and electromechanical subsets of high fidelity are integral enablers of autonomous smart drones, cars, satellites, smartphones and medical devices in vivo. They need iterative development, IP security, fast time to market and device performance gains, thus requiring AME for production and rapid prototyping in-house. Nano Dimension machines meet the needs of all sectors, depositing proprietary dielectric materials and consumable conductors simultaneously, while simultaneously integrating in-situ capacitors, antennas, coils, transformers and electromechanical components to function in unprecedented performance. Nano Dimension bridges the gap between the printed circuit board and the semiconductor integrated circuits. A revolution at the click of a button: from computer-aided design (CAD) to a functional high-performance AME device in hours, only at the cost of consumable materials.
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 Securities Litigation Reform Act 1995 and other federal securities laws. Words like “expects”, “anticipates”, “intends”, “plans”, “believes”, “search”, “esteem” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when discussing the expected time to close the offer and the planned use of the net proceeds of the offer. As these statements address future events and are based on Nano Dimension’s current expectations, they are subject to a number of risks and uncertainties. Actual results, performance or achievements of Nano Dimension may differ materially from those described or implied in the statements in this press release. 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 annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC” ) As of March 10, 2020 and any subsequent filings with the SEC, except as required by law, Nano Dimension assumes no obligation to publicly disclose any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unforeseen events References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference to this press release Nano Dimension is not responsible for the content of third party websites.
NANO DIMENSION INVESTOR RELATIONS
Yael Sandler, CFO | [email protected]