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Nano Dimension Ltd. (Nasdaq: NNDM) is a pioneer in the field of additive manufacturing technology, focusing on the development and production of intelligent 3D printing systems for Additively Manufactured Electronics (AME). The company's state-of-the-art 3D printing technologies are revolutionizing the way electronic devices are designed and manufactured, targeting sectors with growing demands for advanced features and rapid prototyping capabilities.
At the core of Nano Dimension’s innovations is the DragonFly multi-material 3D printer family, which utilizes proprietary conductive nano-silver inks and dielectric inks. This technology enables in-house agile hardware development and the creation of multi-layer printed circuit boards (PCBs), which are essential components in various electronic devices. Its applications span across diverse industries including consumer electronics, medical devices, defense, aerospace, automotive, IoT, and telecommunications.
Nano Dimension's machines are designed to meet the cross-industry needs by depositing proprietary conductive and dielectric materials simultaneously, allowing the integration of components such as capacitors, antennas, coils, and transformers. This integration leads to unprecedented performance in electronic devices. The company's portfolio extends into mechanical, chemical, industrial design, and artificial learning areas, addressing sophisticated requirements in autonomous intelligent drones, cars, satellites, smartphones, and medical devices.
Recent Achievements
Nano Dimension is continuously evolving, driven by deep learning-based AI to enhance manufacturing capabilities. By leveraging self-learning and self-improving systems, the company manages a distributed manufacturing network via the cloud, providing transformative solutions for Industry 4.0. Over 2,000 customers, including aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D, and academia sectors, benefit from the company’s advanced AME and additive manufacturing solutions.
Latest Projects
In its latest initiatives, Nano Dimension announced the release of financial results for the fourth quarter and full year of 2023, showcasing its robust financial health and strategic growth plans. The company has also partnered with industry leaders like Esko and Fiery to further refine digital printing capabilities, underscoring its commitment to innovation and customer-centric solutions.
Financial Condition
The company’s financial trajectory remains strong, supported by strategic investments and partnerships that enhance its product offerings and market reach. Nano Dimension’s commitment to sustainable and economically efficient manufacturing processes aligns with its vision of transforming existing electronics and mechanical manufacturing into next-generation precision additive electronics.
For more information, visit www.nano-di.com.
Nano Dimension has announced that an Israeli court has ruled in favor of its full authority to pursue an acquisition of Stratasys. The company emphasized that this transaction would provide immediate cash payments at a significant premium to Stratasys shareholders. The court decision, made on April 16, 2023, rejected motions that aimed to restrict Nano Dimension's ability to conduct this acquisition. Nano Dimension plans to initiate a special tender offer of $18.00 per share to Stratasys shareholders, asserting that over 90% of its own shareholders oppose the current board's actions and are not swayed by Murchinson and Anson’s agenda. The company has also indicated that it will appeal against the appointment of observers linked to these opposing parties, reinforcing its commitment to finalize the acquisition.
Stratasys Ltd. (NASDAQ: SSYS) has responded to a recent Israeli court ruling concerning Nano Dimension Ltd. (NASDAQ: NNDM) and its largest shareholder, Murchinson Ltd. The court's decision raises concerns about whether substantial decisions are being made by Nano's Board of Directors in the shareholders' best interest. The litigation centers on the validity of a March 2023 Special General Meeting, where 92% of votes supported removing four directors, including CEO Yoav Stern. Although the court allowed Murchinson to appoint two directors as observers, Nano plans to appeal, casting doubt on its management's authority. Stratasys argues that Nano's actions pose significant risks to its shareholders.
Nano Dimension (Nasdaq: NNDM) recently announced a ruling from an Israeli court affirming that its board of directors retains full authority to manage corporate matters, including negotiations with Stratasys (Nasdaq: SSYS). This ruling counters previous claims from Stratasys regarding Nano Dimension's offers to acquire shares. The court also mandated the temporary appointment of two observers until the next annual meeting or resolution of the matter, a decision that Nano Dimension plans to appeal to the Supreme Court. CEO Yoav Stern expressed satisfaction with the ruling, hoping it clarifies the company's standing with Stratasys. The decision reinforces Nano Dimension's governance amidst ongoing discussions about potential acquisitions, pivotal for its strategic growth in additive manufacturing.
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Stratasys Ltd. has unanimously rejected an acquisition proposal from Nano Dimension Ltd. at $20.05 per share, asserting that the offer significantly undervalues the company and is not in the best interests of its shareholders. Stratasys' Board, after thorough evaluation and in consultation with financial and legal advisors, emphasized concerns over the legitimacy of Nano's management structure due to ongoing litigation with its largest shareholder, Murchinson Ltd., which recently saw the removal of Nano's CEO and directors. The Board believes that pursuing a takeover under these circumstances could expose Stratasys and its shareholders to undue risks and uncertainties.
Stratasys remains committed to enhancing shareholder value through its growth strategies and has appointed J.P. Morgan as its financial advisor.
Nano Dimension (Nasdaq: NNDM) announced its preliminary financial results for Q1 2023, reporting unaudited revenues of $14.6 million. This figure marks a 40% increase compared to Q1 2022 and a 21% increase from Q4 2022. The company attributes this success to strong organic growth, particularly in its DragonFly IV revenue and sales of Additive Electronic products. CEO Yoav Stern emphasized that this quarter was the best in the company’s history, despite the typical seasonal trend of weaker performance in Q1. However, the results are preliminary and subject to adjustments. Nano Dimension continues to focus on transforming electronics manufacturing through innovative Additive Manufacturing technologies.
Nano Dimension Ltd. (Nasdaq: NNDM) has announced its intention to launch a special tender offer to acquire at least 51% of Stratasys Ltd. (Nasdaq: SSYS) shares at $18.00 per share. This represents a 26% premium over Stratasys' share price as of March 3, 2023. Nano Dimension currently holds 14.5% of Stratasys' outstanding shares and remains open to negotiating a consensual deal at a higher price of $20.05 per share. If negotiations fail, they will proceed with the tender offer. Additionally, Nano Dimension seeks a court ruling to prevent Stratasys' 'poison pill' strategy from being enacted against the tender offer.
Stratasys Ltd. (Nasdaq: SSYS) announced it received a revised unsolicited non-binding proposal from Nano Dimension Ltd. (Nasdaq: NNDM) to acquire Stratasys for $20.05 per share in cash. The Stratasys Board will review the proposal while emphasizing that shareholders need not take action at this time. This follows previous rejections of Nano's offers of $19.55 and $18.00 per share due to significant undervaluation of the company. Stratasys is committed to acting in the best interests of its shareholders as it evaluates this new proposal.
Nano Dimension has presented an increased cash acquisition offer for Stratasys, now at $20.05 per share, valuing the deal at approximately $1.22 billion. This offer represents a 41% premium over Stratasys' closing price on March 3, 2023, and higher premiums compared to various VWAPs. The revised proposal is described as the 'best and final' offer before Nano Dimension considers a tender offer to Stratasys shareholders. The company aims to consolidate its position in the additive manufacturing sector and is exploring additional acquisition opportunities, maintaining a strong balance sheet.
Stratasys Ltd. (NASDAQ: SSYS) has unanimously rejected an unsolicited acquisition proposal from Nano Dimension Ltd. (NASDAQ: NNDM), which offered $19.55 per share. The Board of Stratasys concluded that the proposal significantly undervalues the company and is not in the best interests of its shareholders. The decision was influenced by misleading statements from Nano's CEO Yoav Stern and concerns about Nano's board's governance amid ongoing litigation with its largest shareholder. Stratasys remains confident that its standalone strategy will create greater shareholder value.
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