Report of Foreign Issuer (6-k)
February 05 2020 - 9:31AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of: February 2020 (Report No. 2)
Commission
file number: 001-37600
NANO
DIMENSION LTD.
(Translation
of registrant’s name into English)
2
Ilan Ramon
Ness
Ziona 7403635 Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(1):_____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(7):_____
CONTENTS
Pricing of Public Offering
On February 4, 2020,
Nano Dimension Ltd. (the “Company”) priced an underwritten public offering (the “Offering”)
of 2,333,000 American Depositary Shares (“ADSs”), at a price per ADS to the public of $1.50. ThinkEquity, a
division of Fordham Financial Management, Inc., is acting as the sole underwriter for the offering. The Offering is expected to
close on February 7, 2020, subject to customary closing conditions.
The ADSs to be issued
in the Offering will be issued pursuant to a prospectus supplement, which will be filed with the Securities and Exchange Commission
(the “SEC”), in connection with a takedown from the Company’s shelf registration statement on Form F-3 (File
No. 333-217173) (the
“Registration Statement”).
The Company’s
press release containing additional details of the Offering is filed as Exhibit 99.1 to this Report. A copy of the Underwriting
Agreement is filed as Exhibit 1.1 to this Report. The foregoing summary of such document is subject to, and qualified in their
entirety by reference to, such exhibit.
Debt Conversions and Termination of
Future Tranches of Debt Funding
Pursuant to a securities
purchase agreement dated August 30, 2019 (the “August 2019 SPA”), the Company issued convertible promissory
notes (the “Notes”) with an aggregate original principal amount of approximately $4.3 million and undertook
to issue an additional approximately $2.7 million of notes to be received in two subsequent closings. Subsequent to August 30,
2019, and prior to February 4, 2020, an aggregate of approximately $2.0 million of Notes were converted into ADSs. On February
4, 2020, the Company decreased the conversion price of approximately 85% of the Notes to $1.74 per ADS, and in consideration of
the reduced conversion price, the holders of such Notes have agreed to convert such Notes into ADSs concurrently with the closing
of the Offering. Additionally, the Company agreed to amend the exercise price under the warrants issued to such investors pursuant
to the August 2019 SPA to $1.914 per ADS, and the Company and the investors agreed to terminate substantially all remaining obligations
arising under the August 2019 SPA, including the two subsequent closings.
Forward Looking Statements
This report 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, the Company is using forward-looking statements
in this report when it discusses the expected timing of the closing of the Offering, the possible offering of additional American
Depositary Shares, and the intended use of proceeds. Because such statements deal with future events and are based on the Company’s
current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements of the Company
could differ materially from those described in or implied by the statements in this report. The forward-looking statements contained
or implied in this report 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 the
Company’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, the Company 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.
Exhibits
Attached hereto and incorporated herein
are the following exhibits:
This report on Form
6-K shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of ADSs or warrants
in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
This Form 6-K is incorporated
by reference into the registration statements on Form F-3 (File No. 333-217173 and 333-233905) and Form S-8 (File No. 333-214520)
of the Registrant, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is
submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Nano
Dimension Ltd.
|
|
(Registrant)
|
|
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Date: February
5, 2020
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By:
|
/s/
Yael Sandler
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Name:
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Yael
Sandler
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Title:
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Chief
Financial Officer
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2
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