Nano Dimension Provides Update on Desktop Metal

Rhea-AI Summary

Nano Dimension (NNDM) announced that its subsidiary Desktop Metal has initiated a strategic review process to address its liabilities and liquidity challenges. The company has appointed Robert Warshauer to its Board of Directors and engaged Piper Sandler & Co. and FTI Consulting, Inc. as financial advisers to explore all available strategic alternatives. Further details will be shared during Nano Dimension's upcoming 2024 financial results and 2025 outlook call, scheduled for late April 2025.

Positive

• Proactive appointment of financial advisers and new board member to address challenges

Negative

• Desktop Metal subsidiary facing significant liquidity challenges and liabilities
• Uncertain outcome and timing of the strategic review process

Waltham, Massachusetts, April 21, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leader in Digital Manufacturing solutions, today provided an update on Desktop Metal.

Desktop Metal, a subsidiary of Nano Dimension, has commenced a process to explore all available strategic alternatives to address its liabilities and liquidity needs. Desktop Metal has appointed Robert Warshauer to its Board of Directors and engaged Piper Sandler & Co. and FTI Consulting, Inc. as financial advisers.

No assurances can be given as to the outcome or timing of the strategic review process. Nano Dimension plans to share additional details during its upcoming 2024 financial results and 2025 outlook call, expected to be held in late April 2025.

About Nano Dimension

Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.

For more information, please visit https://www.nano-di.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.

Investors: Moshe Rozenbaum, VP Corporate Development | ir@nano-di.com
Media: Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com

FAQ

What strategic actions is Desktop Metal taking to address its financial challenges?

Desktop Metal is exploring strategic alternatives with newly appointed board member Robert Warshauer and financial advisers Piper Sandler & Co. and FTI Consulting to address liabilities and liquidity needs.

When will Nano Dimension (NNDM) provide more details about Desktop Metal's strategic review?

Nano Dimension plans to share additional details during its 2024 financial results and 2025 outlook call in late April 2025.

Who are the financial advisers appointed for Desktop Metal's strategic review?

Piper Sandler & Co. and FTI Consulting, Inc. have been engaged as financial advisers for the strategic review process.

What is the current financial situation of Desktop Metal under Nano Dimension?

Desktop Metal is facing liabilities and liquidity challenges, necessitating a comprehensive strategic review of available alternatives.