Nano Dimension (NNDM) Prices 17.95M ADS Offering at $2/Each
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Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced it has entered into definitive agreements with investors for the purchase and sale of 17,950,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $2.00 per ADS pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $35.9 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. The closing of the registered direct offering is expected to take place on or about May 22, 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. 333-237668) previously filed with the U.S. Securities and Exchange Commission (the “SEC”).
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