Nano Dimension Prices $60 Million Registered Direct Offering
November 29 2020 - 11:30PM
Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the
“Company”), a leading Additively Manufactured Electronics
(“AME”)/PE (Printed Electronics) provider, today
announced it has entered into definitive agreements with
investors for the sale of 11,960,160 of the Company’s American
Depositary Shares (“ADSs”) at a price of $5.00 per ADS pursuant to
a registered direct offering. The gross proceeds of the offering
will be approximately $60 million, before deducting placement agent
fees and other estimated 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. The closing of the
registered direct offering is expected to take place on or about
December 2, 2020, subject to the satisfaction of customary closing
conditions.
ThinkEquity, a division of Fordham Financial
Management, Inc., is acting as sole placement agent for the
offering.
This offering is being 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”) and an additional registration statement
pursuant to Rule 462(b) under the Securities Act of 1933, as
amended. A prospectus supplement describing the terms of the
proposed offering will be filed with the SEC and will be available
on the SEC’s website located at http://www.sec.gov. Electronic
copies of the prospectus supplement 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. Before investing in this offering,
interested parties should read in their entirety the prospectus
supplement and the accompanying prospectus and the other documents
that the Company has filed with the SEC that are incorporated by
reference in such prospectus supplement and the accompanying
prospectus, which provide more information about the Company and
such offering.
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 printed circuit
board and semiconductor integrated circuits. A revolution at the
click of a button: From computer-aided design (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
expected timing of the closing of the offering and 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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