NANO DIMENSION CLOSES $100 MILLION REGISTERED DIRECT OFFERING
November 23 2020 - 4:31PM
Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively
Manufactured Electronics (AME)/PE (Printed Electronics) provider,
today announced it has closed the previously announced
registered direct offering of 25,000,000 of the Company’s American
Depositary Shares (“ADSs”) at a price of $4.00 per ADS. The gross
proceeds of the offering were approximately $100 million, before
deducting placement agent fees and other offering expenses. The
Company intends to use the net proceeds for working capital and for
other general corporate purposes, and pursuing strategic
opportunities, including possible business combination
transactions.
ThinkEquity, a division of Fordham Financial
Management, Inc., acted as sole placement agent for the
offering.
This offering was made pursuant to an effective
shelf registration statement on Form F-3 (File No. 333-249559)
previously filed with the U.S. Securities and Exchange Commission
(the “SEC”). A 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 prospectus supplement
and accompanying 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
Nano Dimension (Nasdaq: 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.
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 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
planned use of the net 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
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 CONTACT Yael
Sandler, CFO | ir@nano-di.com
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