Nano Dimension Prices $12.5 Million Public Offering
April 22 2020 - 09:05AM
Nano Dimension Ltd. (Nasdaq, TASE: NNDM), a leading
Additively Manufactured Electronics (AME)/PE (Printed Electronics)
provider, today announced the pricing of an 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). Each ADS is being sold to
the public at a price per ADS of $0.70 and each Pre-Funded Warrant
is being sold to the public at a price per Pre-Funded Warrant of
$0.6999. The gross proceeds to the Company from this offering are
expected to be approximately $12,500,000 before deducting
underwriting discounts, commissions and other offering expenses,
and excluding the exercise of the over-allotment option, if any.
The Pre-Funded Warrants will be exercisable at any time after
the date of issuance upon payment of the exercise price of
$0.0001 per ADS.
Nano Dimension has granted the underwriter a
45-day option to purchase up to 2,678,700 additional ADSs and
Pre-Funded Warrants 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., is acting 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 headquarters in the United States, working capital and general
corporate purposes.
The offering is expected to close on April 24,
2020, subject to customary closing conditions.
This offering is being 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 preliminary prospectus describing the terms of the
proposed offering has been filed with the SEC and is available on
the SEC’s website located at http://www.sec.gov. A final prospectus
related to the proposed offering will be filed and made available
on the SEC’s website. Electronic copies of the final prospectus may
be obtained, when available, 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 expected timing of the closing of the offering, the possible
offering of additional American Depositary Shares and/or Pre-Funded
Warrants, 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 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)
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