The Stern-Led Board of Nano Dimension Continues its Desperate Campaign of Misinformation Scare Tactics

Rhea-AI Summary

Murchinson calls for boardroom change at Nano Dimension

Positive

• Proposals to improve company's failed corporate governance
• Appointing new, experienced nominees

Negative

• 73% decline in shareholder returns
• Negative enterprise value of $383 million
• Questionable trading activity by CEO

Murchinson Highlights False Claims, Desperate Tactics and Disdain for Shareholders That Have Defined Nano’s Board During the Reign of Chairman and CEO Yoav Stern

Points Out 73% Decline in Shareholder Returns and Current Negative Enterprise Value of $383 Million Under Current Leadership – While Mr. Stern Himself Has Profited Enormously on Questionable Trading Activity in Nano’s Stock

Puts Forward Proposals to Save Nano Dimension by Improving Company’s Failed Corporate Governance, Removing All Current Directors and Appointing New, Experienced Nominees 100% Independent of Murchinson

Investors Are Urged to Vote Carefully, Make Sure That They Are Using the Most Up-To-Date Card and – As Needed – Revisit Votes Already Cast to Confirm That They Truly Reflect Your Preferences

TORONTO--(BUSINESS WIRE)-- Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 6.2% of the outstanding shares of Nano Dimension Ltd., a company incorporated in Israel (NASDAQ: NNDM) (“Nano Dimension” or the “Company”), today issued a letter to shareholders detailing the need for boardroom change.

The full text of the letter is available at www.SaveNanoDimension.com and can be viewed here.

About Murchinson

Founded in 2012 and based in Toronto, Canada, Murchinson is an alternative asset management firm that serves institutional investors, family offices and qualified clients. The firm has extensive experience capturing the best returning opportunities across global markets. Murchinson’s multi-strategy approach allows it to execute investments at all points in the market cycle with fluid allocation between strategies. Our team targets corporate action, distressed investing, private equity and structured finance situations, leveraging its broad market experience with a variety of specialized products and sophisticated hedging techniques to deliver alpha within a risk-averse mandate. Learn more at www.murchinsonltd.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations of Murchinson and currently available information. Forward-looking statements are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. Murchinson undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.

Disclaimer

The information contained or referenced herein is for information purposes only in order to provide the views of Murchinson and the matters which Murchinson believes to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Murchinson, whose opinions may change at any time and which are based on analyses of Murchinson and its advisors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230823310812/en/

Okapi Partners LLC

Bruce Goldfarb / Chuck Garske

212-297-0720

info@okapipartners.com



Longacre Square Partners

Dan Zacchei / Charlotte Kiaie

murchinson@longacresquare.com

Source: Murchinson Ltd.