ElectronicsMoney & Funding

Nano Dimension Raises Another $4.8 Million from Institutional Investors

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Nano Dimension, a leader in the field of 3D printed electronics, has signed private placement agreements with several Israeli investors. Shotfut Menayot Israel HaPhoenix Amitim and the Phoenix Investment and Finances Ltd., Israeli institutional investors that participated in this private placement, will together hold an aggregate of approximately 5.5% of Nano Dimension’s issued share capital following the issuance.

According to the agreements with Shotfut Menayot Israel HaPhoenix Amitim and the Phoenix Investment and Finances Ltd., the Company undertook, within a period of six months from the closing date, not to issue new securities at a price per share lower than 125% of the price per share in this issuance.

As a part of this private placement, which totaled NIS 17.1 Million (approximately $4.8 million), the Company will issue approximately 4.1 million ordinary shares at a price per share of NIS 4.2 (approximately $1.19 per ordinary share, or $5.94 per ADS). This funding does not include issuance of warrants and was priced at a minimum discount compared to the market price. The issued ordinary shares will be restricted for a period of six months under Israeli securities laws.

The securities described herein have not been registered under the Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an applicable exemption from the registration requirements.

Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension’s unique products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company’s primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.

The company’s American Depositary Shares are traded on the NASDAQ, and its ordinary shares are also traded on the TASE in Israel.  The Bank of New York Mellon serves as the depositary for Nano Dimension.

Research
Polymer AM Market 2023

899 polymer AM companies individually surveyed and studied. Core polymer AM market generated over $5.5 billion in 2022. Market expected to grow to $45 billion by 2032 at 23.3% CAGR. This new market...

VoxelMatters

VoxelMatters is the online trade media portal published by 3dpbm, a leading marketing and market research firm specializing in the AM industry. 3dpbm also publishes the 3D Printing Business Directory, the AM Focus eBook series and the 3dpbm Research AM Market Reports. 3D Printing Media Network was founded with the goal to provide the latest industry news, insights and opinions to a global audience of professionals and decision makers.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.