Nano Dimension Announces Closing of $3.5 Million Public Offering
February 07 2020 - 4:15PM
Nano Dimension Ltd., a leading additive manufactured electronics
(AME) provider (Nasdaq, TASE: NNDM), today announced the
closing of its previously announced underwritten public offering of
2,333,000 American Depositary Shares (“ADS”), at a price per ADS to
the public of $1.50. The gross proceeds to the Company from this
offering were $3,499,500, before deducting underwriting discounts,
commissions and other offering expenses, and excluding the exercise
of the over-allotment option, if any. Nano Dimension has granted
the underwriter a 45-day option to purchase up to 333,700
additional ADSs to cover 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 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 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 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 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 CONTACT
Yael Sandler, CFO | ir@nano-di.com
Nano Dimension (NASDAQ:NNDM)
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