Electronics 3D PrintingFinancial ReportsMoney & Funding

Nano Dimension Closes $12M Public Offering of American Depositary Shares

Nano Dimension Ltd, a leading additive electronics provider (NASDAQ, TASE: NNDM) closed its previously announced underwritten public offering of 6,000,000 American Depositary Shares (ADSs) at a price of $2 per ADS. In addition, Nano Dimension has granted the underwriters a 45-day over-allotment option to purchase up to 900,000 additional ADSs at the public offering price. All the ADSs are being offered by the Company. The two Co-Chairmen of the Board of the Company participated in the offering.

National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD) acted as sole book running manager for the offering. Lake Street Capital Markets acted as co-manager for the offering. The gross proceeds from the offering, excluding the exercise of the over-allotment option, were approximately $12,000,000, excluding underwriting discounts and commissions and other offering-related expenses.

Nano Dimension intends to use the proceeds of this offering for general corporate purposes, including scaling sales and marketing globally, expanding channel reach and presence and potentially extending the product line. Nano Dimension stocks are down by around 30% since the beginning of 2018, but sales of the company’s unique Dragonfly 2020 Pro 3D printer for electronics are gradually increasing as the company works to establish its business on a global scale.

3D Printing Media Network

3D Printing Media Network is the editorial branch of 3D Printing Business Directory. It was set up to provide the latest industry news and opinions to a global audience of professionals.

Related Articles

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

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.

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

Decline all Services
Accept all Services