NESS ZIONA, Israel, Sept. 27,
2016 /PRNewswire/ -- Nano Dimension Ltd., a
leader in the field of 3D Printed Electronics (NASDAQ, TASE: NNDM),
today announced the pricing of its public offering of 1,850,000
American Depository Shares (ADSs) at a price of $6.50 per ADS. In addition, Nano Dimension has
granted the underwriters a 45-day over-allotment option to purchase
up to 277,500 additional ADSs at the public offering price. All of
the ADSs are being offered by the Company.
National Securities Corporation, a wholly owned subsidiary of
National Holdings Corporation (NasdaqCM:NHLD) is acting as sole
book running manager for the offering. Lake Street Capital Markets
is acting as co-manager for the offering. The Chairman of the Board
of the Company is participating in the offering.
The Company expects to receive gross proceeds from the offering,
excluding the exercise of the over-allotment option, if any, of
approximately $12 million, excluding
underwriting discounts and commissions and other offering-related
expenses. Assuming the full exercise of the over-allotment option,
the gross proceeds may reach $13.8
million.
Nano Dimension intends to use the proceeds of this offering to
fund sales and marketing activities of its printers, scaling up of
its production facilities, production expenses relating to its
printers and inks, research and development, potential licensing,
as well as for general working capital and other corporate
purposes.
The offering is expected to close on September 30, 2016, subject to customary closing
conditions.
A registration statement on Form F-1 relating to these
securities was filed with the U.S. Securities and Exchange
Commission (SEC) and was declared effective on September 26, 2016. Copies of the prospectus
relating to the offering, when available, may be obtained by
request to the offices of National Securities Corporation, Attn:
Kim Addarich, Managing Director, 410
Park Avenue, 14th Floor, New York,
NY 10022, Email: Kaddarich@nhldcorp.com; or the offices of
Lake Street Capital Markets, LLC, Attn: Equity Syndicate
Department, 225 South 6th St, Ste 2050, Minneapolis, MN 55402, Telephone: (888)
330-4648, Email: Contact@lakestreetcm.com; or the on the SEC's
website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale is not permitted.
About Nano Dimension Ltd.
Nano Dimension, founded in
2012, focuses on development of advanced 3D printed electronics
systems and advanced additive manufacturing. Nano Dimension's
unique products combine three advanced technologies: 3D inkjet, 3D
software and nanomaterials. The company's primary products include
the first 3D printer dedicated to printing multi-layer PCBs
(printed circuit boards) and advanced nanotechnology-based
conductive and dielectric inks.
In addition to the trading of the company's American Depositary
Shares on NASDAQ, the company's ordinary shares are also traded on
the TASE in Israel. The Bank of
New York Mellon serves as the depositary for Nano Dimension.
Forward-Looking Statements
This press release contains forward-looking statements about the
Company's expectations, beliefs and intentions. Forward-looking
statements can be identified by the use of forward-looking words
such as "believe", "expect", "intend", "plan", "may", "should",
"could", "might", "seek", "target", "will", "project", "forecast",
"continue" or "anticipate" or their negatives or variations of
these words or other comparable words or by the fact that these
statements do not relate strictly to historical matters. For
example, forward-looking statements are used in this press release
when we discuss the expected timing of the closing of the offering
and the use of proceeds. These forward-looking statements involve
certain risks and uncertainties, including, among others, risks
impacting the ability of the Company to complete any public
offering of its securities because of general market conditions or
other factors and risks that could cause the Company's results to
differ materially from those expected by Company management or
otherwise described in or implied by the statements in this press
release. Any forward-looking statement in this press release speaks
only as of the date of this press release. The Company undertakes
no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by any
applicable securities laws. More detailed information about the
risks and uncertainties affecting the Company is contained under
the heading "Risk Factors" in Nano Dimension Ltd.'s Registration
Statement on Form F-1 filed with the SEC, which is available on the
SEC's website, www.sec.gov.
CONTACT INVESTOR RELATIONS:
Miri Segal-Scharia
CEO
MS-IR LLC
917-607-8654
msegal@ms-ir.com
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SOURCE Nano Dimension Ltd.