Nano Dimension (NNDM) Prices 17.95M ADS Offering at $2/Each

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Go back to Nano Dimension (NNDM) Prices 17.95M ADS Offering at $2/Each

NANO DIMENSION PRICES $35.9 MILLION REGISTERED DIRECT OFFERING

May 20, 2020 8:42 AM EDT

Boca Raton, Florida, May 20, 2020 (GLOBE NEWSWIRE) -- 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 Companys 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... More