Nano Dimension Announces 77% Exercise of Over-Allotment Option
12 February 2020 - 1:20AM
Nano Dimension Ltd., a leading additive manufactured
electronics (AME) provider (Nasdaq, TASE: NNDM), today
announced that the underwriter of its previously announced
underwritten public offering of 2,333,000 American Depositary
Shares (“ADS”) has exercised 77% of its over-allotment option and
purchased an additional 255,318 ADSs at $1.50 per ADS, bringing the
total gross proceeds from the offering to $3,882,477, before
deducting underwriting discounts, commissions and other offering
expenses, and excluding additional exercise of the remaining
over-allotment option, if any. The partial exercise of the
over-allotment option closed on February 10, 2020.
ThinkEquity, a division of Fordham Financial
Management, Inc., acted as sole book-running manager for the
offering.
Nano Dimension intends to use the proceeds of
the offering for building up its sales and marketing infrastructure
and headquarters in the United States, working capital and general
corporate purposes.
This offering was made pursuant to an effective
shelf registration statement on Form F-3 (No. 333-217173)
previously filed with the U.S. Securities and Exchange Commission
(the “SEC”). A final prospectus supplement and accompanying
prospectus describing the terms of the proposed offering have been
filed with the SEC and are available on the SEC’s website located
at http://www.sec.gov. Electronic copies of the final prospectus
supplement may be obtained from ThinkEquity, a division of Fordham
Financial Management, Inc., 17 State Street, 22nd Floor, New
York, New York 10004, Telephone: (877) 436-3673; Email:
prospectus@think-equity.com.
This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Nano Dimension Ltd.Nano
Dimension (Nasdaq, TASE: NNDM) is a provider of intelligent
machines for the fabrication of Additively Manufactured
Electronics (AME). High fidelity active electronic and
electromechanical subassemblies are integral enablers of autonomous
intelligent drones, cars, satellites, smartphones, and in
vivo medical devices. They necessitate iterative development, IP
safety, fast time-to-market and device performance gains, thereby
mandating AME for in-house, rapid prototyping
and production. Nano Dimension machines serve cross-industry
needs by depositing proprietary consumable conductive and
dielectric materials simultaneously, while concurrently
integrating in-situ capacitors, antennas, coils, transformers and
electromechanical components, to function at unprecedented
performance. Nano Dimension bridges the gap between PCB and
semiconductor Integrated Circuits. A revolution at the click of a
button: From CAD to a functional high-performance AME device in
hours, solely at the cost of the consumable materials. For more
information, please visit www.nano-di.com, the content of which is
not a part of this press release.
Forward Looking StatementsThis
press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities
laws. Words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” 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 it discusses
the possible offering of additional American Depositary Shares and
the intended use of proceeds of the offering. Because such
statements deal with future events and are based on Nano
Dimension's current expectations, they are subject to various risks
and uncertainties. Actual results, performance or achievements of
Nano Dimension could differ materially from those described in or
implied by 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
market conditions and the satisfaction of all conditions to, and
the closing of, the offering, as well as 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”) on
March 14, 2019, and in any subsequent filings with the SEC. Except
as otherwise required by law, Nano Dimension undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Nano Dimension
is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACTYael
Sandler, CFO | ir@nano-di.com
Nano Dimension (NASDAQ:NNDM)
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