Nano Dimension Announces Closing of $13.3 Million Public Offering
28 April 2020 - 11:10PM
Nano Dimension Ltd. (Nasdaq, TASE: NNDM), a leading
Additively Manufactured Electronics (AME)/PE (Printed Electronics)
provider, today announced the closing of its underwritten
public offering of 17,858,000 American Depositary Shares (the
“ADSs”), or pre-funded ADS purchase warrants, each to purchase one
ADS (the “Pre-Funded Warrants”) in lieu thereof. Additionally,
1,204,114 ADSs were sold pursuant to a partial exercise of the
underwriter’s over-allotment option. Each ADS was sold to the
public at a price per ADS of $0.70. Each Pre-Funded Warrant was
sold to the public at a price per Pre-Funded Warrant of $0.6999,
exercisable at any time after the date of issuance upon payment of
the exercise price of $0.0001 per ADS.
The gross proceeds to the Company from this
offering were approximately $13,343,000 before deducting
underwriting discounts, commissions and other offering
expenses.
Nano Dimension has granted the underwriter a
45-day option to purchase additional ADSs and pre-funded warrants
to cover remaining over-allotments, if any, at the public offering
price, less the underwriting discounts and commissions.
ThinkEquity, a division of Fordham Financial
Management, Inc., acted as the sole underwriter for the
offering.
Nano Dimension intends to use the proceeds of
the offering for building up its sales and marketing infrastructure
and for working capital and general corporate purposes.
This offering was made pursuant to an effective
registration statement on Form F-1 (No. 333-237222) previously
filed with the U.S. Securities and Exchange Commission (the “SEC”).
A final prospectus describing the terms of the offering has been
filed with the SEC and is available on the SEC’s website located at
http://www.sec.gov Electronic copies of the final prospectus 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/or Pre-Funded Warrants and the intended use of proceeds from
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 10, 2020, 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)
Historical Stock Chart
From Apr 2024 to May 2024
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From May 2023 to May 2024