Nano Dimension - NNDM STOCK NEWS

Murchinson Ltd., holding approximately 5.1% of Nano Dimension Ltd. (NASDAQ: NNDM) shares, urges Chairman Yoav Stern and the Board not to engage in hasty acquisitions. The firm expresses disappointment over the Board's lack of constructive interaction and seeks a special meeting for a possible reconstitution due to a 75% share price decline since Stern's appointment. Murchinson raises concerns about the stewardship of approximately $1 billion in the company's cash and warns against acquisitions intended to dilute shareholder value. The firm commits to opposing any actions perceived as self-serving to Mr. Stern and emphasizes the Board's fiduciary duty to shareholders.

Nano Dimension (Nasdaq: NNDM) announced the granting of a patent for a Cluster-Connected Neural Network that enhances its AI-supported cloud-based manufacturing platform. This technology enables more effective operations of DeepCube AI solutions across a decentralized network of 3D printers. The patent adds to DeepCube's existing intellectual property, totaling 20 granted and 25 pending patents. With this innovation, Nano Dimension aims to improve manufacturing yield and quality while also addressing the challenges of Industry 4.0. CEO Yoav Stern emphasized the strategic importance of AI in optimizing their advanced manufacturing solutions.

According to Technavio, the global 3D printer market is projected to grow by USD 25,095.58 million from 2022 to 2027, at a CAGR of 23.49%. North America dominated the market in 2022 and is expected to contribute 36% to market growth during the forecast period. Key drivers include rising consumer interest in customized 3D products and decreasing prices of 3D printers. However, the market faces challenges like the high cost of training workers for additive manufacturing, which could hinder growth. The report segments the market by product type, technology, and geography, finding significant growth in industrial 3D printers.

Nano Dimension (Nasdaq: NNDM) announced a purchase order for its DragonFly IV® AME 3D printer from a supplier to the U.S. government defense industry. This order highlights the printer's role in advancing innovation in the defense sector, particularly for high-performance electronic devices (Hi-PEDs®). The DragonFly IV® supports the development of critical applications, including drones and medical devices. The CEO emphasized the company's commitment to supporting national defense missions. Nano Dimension serves over 2,000 customers across diverse markets.

Nano Dimension Ltd. (Nasdaq: NNDM) announced revelations of serious legal violations by Murchinson Ltd. and its manager, Marc Bistricer, including misleading stock transactions and SEC investigations. The company has raised $1.5 billion from shareholders, boosting sales by over 1,180% since 2020. Nano Dimension aims for significant growth and profitability in 2023 while opposing the hostile takeover attempt by Murchinson at $4.00 per share. The company emphasizes the risk of losing its cash reserves and jeopardizing jobs for 550 employees due to Murchinson's actions, which threaten its financial and operational integrity.

Nano Dimension Ltd. (Nasdaq: NNDM) announced the rejection of a request by Murchinson Ltd. to call a special shareholder meeting, citing non-compliance with Israeli Companies Law. The Board emphasized its commitment to adhere to regulations in both Israel and the U.S. while safeguarding shareholders' interests. Citing Murchinson's history of stock manipulation and legal issues with U.S. regulatory authorities, the Board will scrutinize future demands to protect Nano Dimension's shareholders. The company continues to innovate in the field of Additively Manufactured Electronics, serving over 2,000 customers across various industries.

Nano Dimension Ltd. (Nasdaq: NNDM) has adopted a limited duration shareholder rights plan designed to protect its long-term interests and the value of shareholders' investments. This plan aims to prevent any entity or person from gaining control over Nano Dimension without board approval. As part of the plan, the company will issue one special purchase right for each American Depositary Share (ADS) outstanding as of February 6, 2023. These rights become exercisable if someone acquires 10% or more of the company's shares without authorization. The rights will expire on January 27, 2024.

Nano Dimension Ltd. (Nasdaq: NNDM) responded to shareholder actions perceived as attempts to disrupt the company’s management and utilize its cash reserves. Despite broader market pressures, Nano Dimension reported remarkable revenue growth of over 300% in the past year. A recent SEC filing indicates a group of foreign funds, led by Murchinson Ltd., holds 5.1% of shares, but previous acquisition offers were deemed insufficient. The company has received threats and disparaging remarks from shareholders, leading to legal action. Nano Dimension remains focused on accelerating growth and is positioned well to pursue favorable acquisitions in 2023.

Nano Dimension Ltd. (Nasdaq: NNDM) reported strong preliminary financial results for Q4 and full year 2022. The company achieved a record revenue of $12.1 million for Q4, marking a 61% increase year-over-year, and a total of $43.6 million for the year, up 316% from 2021. Cash and deposits totaled approximately $1.03 billion. The final audited results will be released on March 30, 2023, alongside a conference call to discuss the outcomes. This performance highlights Nano Dimension's solid growth trajectory in the additive manufacturing sector.