Waltham, Mass, Jan. 30, 2023 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a main provider of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metallic & ceramic Additive Manufacturing (“AM”) 3D printers, introduced that its Board of Administrators (“Board”) has unanimously adopted a restricted period shareholder rights plan (the “Rights Plan”).
The adoption of the Rights Plan is meant to guard the long-term pursuits of Nano Dimension and all Nano Dimension’s shareholders and allow them to understand the complete potential worth of their funding within the Firm. The Rights Plan is designed to scale back the probability that any entity, individual or group would achieve management of, or important affect over Nano Dimension.
The Rights Plan shouldn’t be meant to forestall or intrude with any motion with respect to Nano Dimension that the Board determines to be in the very best pursuits of the Firm. As an alternative, it can place the Board to meet its fiduciary duties on behalf of the Firm by making certain that the Board has adequate time to make knowledgeable judgments about any makes an attempt to regulate or considerably affect Nano Dimension. The Rights Plan will encourage anybody looking for to realize a important curiosity in Nano Dimension to barter immediately with the Board previous to making an attempt to regulate or considerably affect the Firm.
The Rights Plan is much like these adopted by different publicly traded firms. Pursuant to the Rights Plan, Nano Dimension will subject one particular buy proper for each one ADS excellent on the shut of enterprise on February 6, 2023. Every proper will permit its holder to buy from Nano Dimension one-half of 1 (0.5) ADS, at a buy value of $0.01 per ADS, as soon as the rights change into exercisable. The rights would change into exercisable provided that an entity, individual or group acquires useful possession of 10% or extra of Nano Dimension’s excellent extraordinary shares in a transaction not accredited by the Firm’s Board. The Rights will expire on January 27, 2024.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) imaginative and prescient is to disrupt electronics and mechanical manufacturing with an environmentally pleasant & economically environment friendly electronics and precision additive manufacturing Business 4.0 resolution – remodeling digital designs into functioning digital and mechanical gadgets – on demand, anytime, wherever.
Nano Dimension’s technique is pushed by the appliance of deep learning-based AI to drive enhancements in manufacturing capabilities through the use of self-learning & self-improving programs, together with the administration of a distributed manufacturing community through the cloud.
Nano Dimension serves over 2,000 prospects throughout vertical goal markets resembling aerospace & protection, superior automotive, high-tech industrial, specialty medical expertise, R&D, and academia. The corporate designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable supplies. Additive Electronics are manufacturing machines that allow the design and growth of Excessive-Efficiency-Digital-Units (Hello-PED®s). Additive Manufacturing contains manufacturing options for manufacturing of metallic, ceramic, and specialty polymers-based functions – from millimeters to a number of centimeters in dimension with micron precision.
By means of the combination of its portfolio of merchandise, Nano Dimension is providing some great benefits of fast prototyping, high-mix-low-volume manufacturing, IP safety, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless potentialities of additive manufacturing.
For extra data, please go to www.nano-di.com.
NANO DIMENSION INVESTOR RELATIONS CONTACT
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