Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
Nano Dimension (NASDAQ:NNDM) announced that its subsidiary Desktop Metal has filed for Chapter 11 bankruptcy protection. The decision was made by Desktop Metal's independent Board of Directors after exploring strategic alternatives to address significant liabilities and liquidity issues inherited from previous management.
CEO Ofir Baharav emphasized that this strategic move aims to protect Nano Dimension's financial strength and maintain its position as the best-capitalized company in their ecosystem, enabling them to pursue future strategic opportunities from a position of strength.
Nano Dimension (NASDAQ:NNDM) ha annunciato che la sua controllata Desktop Metal ha presentato istanza per la protezione dal fallimento ai sensi del Capitolo 11. La decisione è stata presa dal Consiglio di Amministrazione indipendente di Desktop Metal dopo aver valutato diverse alternative strategiche per affrontare importanti passività e problemi di liquidità ereditati dalla precedente gestione.
Il CEO Ofir Baharav ha sottolineato che questa mossa strategica mira a tutelare la solidità finanziaria di Nano Dimension e a mantenere la sua posizione come la società meglio capitalizzata nel loro ecosistema, consentendo di cogliere future opportunità strategiche da una posizione di forza.
Nano Dimension (NASDAQ:NNDM) anunció que su subsidiaria Desktop Metal ha solicitado la protección por bancarrota bajo el Capítulo 11. La decisión fue tomada por la Junta Directiva independiente de Desktop Metal tras explorar alternativas estratégicas para abordar pasivos significativos y problemas de liquidez heredados de la gestión anterior.
El CEO Ofir Baharav enfatizó que esta medida estratégica busca proteger la fortaleza financiera de Nano Dimension y mantener su posición como la empresa mejor capitalizada en su ecosistema, permitiéndoles aprovechar futuras oportunidades estratégicas desde una posición de fortaleza.
Nano Dimension (NASDAQ:NNDM)는 자회사 Desktop Metal이 챕터 11 파산 보호를 신청했다고 발표했습니다. 이 결정은 이전 경영진으로부터 물려받은 상당한 부채와 유동성 문제를 해결하기 위한 전략적 대안을 모색한 후 Desktop Metal의 독립 이사회에서 내린 것입니다.
CEO 오피르 바하라브(Ofir Baharav)는 이번 전략적 조치가 Nano Dimension의 재무 건전성을 보호하고, 생태계 내에서 가장 자본이 탄탄한 회사로서의 위치를 유지하여 미래의 전략적 기회를 강한 위치에서 추구할 수 있도록 하기 위함이라고 강조했습니다.
Nano Dimension (NASDAQ:NNDM) a annoncé que sa filiale Desktop Metal a déposé une demande de protection contre la faillite en vertu du Chapitre 11. Cette décision a été prise par le conseil d'administration indépendant de Desktop Metal après avoir exploré des alternatives stratégiques pour faire face à des passifs importants et à des problèmes de liquidité hérités de la direction précédente.
Le PDG Ofir Baharav a souligné que cette démarche stratégique vise à protéger la solidité financière de Nano Dimension et à maintenir sa position en tant qu'entreprise la mieux capitalisée de leur écosystème, leur permettant ainsi de saisir de futures opportunités stratégiques depuis une position de force.
Nano Dimension (NASDAQ:NNDM) gab bekannt, dass seine Tochtergesellschaft Desktop Metal einen Antrag auf Gläubigerschutz nach Chapter 11 gestellt hat. Die Entscheidung wurde vom unabhängigen Vorstand von Desktop Metal getroffen, nachdem strategische Alternativen zur Bewältigung erheblicher Verbindlichkeiten und Liquiditätsprobleme, die von der vorherigen Geschäftsführung übernommen wurden, geprüft wurden.
CEO Ofir Baharav betonte, dass dieser strategische Schritt darauf abzielt, die finanzielle Stärke von Nano Dimension zu schützen und die Position als bestkapitalisiertes Unternehmen im eigenen Ökosystem zu erhalten, um zukünftige strategische Chancen aus einer starken Position heraus verfolgen zu können.
- Strategic decision to protect NNDM's financial strength
- Maintains position as best-capitalized company in their ecosystem
- Proactive management of subsidiary risks
- Desktop Metal subsidiary filing for Chapter 11 bankruptcy
- Significant liabilities and liquidity issues at Desktop Metal
- Potential write-off of subsidiary investment
Waltham, Massachusetts, July 28, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leader in Digital Manufacturing solutions, today announced that its subsidiary, Desktop Metal, Inc. (“Desktop Metal”), has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code.
The decision to file for bankruptcy protection was made by Desktop Metal’s independent Board of Directors, who conducted a process to explore available strategic alternatives and address Desktop Metal’s significant liabilities and liquidity needs stemming from decisions made by its prior management.
Ofir Baharav, Nano Dimension’s CEO said: “We are safeguarding our financial strength and preserving our position as the best capitalized company in our ecosystem. This is what enables the Company’s to pursue strategic opportunities from a position of maximum strength—and that is exactly what the Company’s shareholders should expect from us.”
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 May 12, 2025, 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: ICR - nano-di@icrinc.com
Media: NanoDimension@feintuchpr.com
FAQ
Why did Nano Dimension's subsidiary Desktop Metal file for bankruptcy in 2025?
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