Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets

Rhea-AI Summary

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.

Positive

• Strategic decision to protect NNDM's financial strength
• Maintains position as best-capitalized company in their ecosystem
• Proactive management of subsidiary risks

Negative

• Desktop Metal subsidiary filing for Chapter 11 bankruptcy
• Significant liabilities and liquidity issues at Desktop Metal
• Potential write-off of subsidiary investment

News Market Reaction

-2.78%

1 alert

-2.78% News Effect

On the day this news was published, NNDM declined 2.78%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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?

Desktop Metal filed for Chapter 11 bankruptcy protection due to significant liabilities and liquidity needs stemming from decisions made by its prior management, after exploring available strategic alternatives.

How does Desktop Metal's bankruptcy affect Nano Dimension (NNDM)?

According to CEO Ofir Baharav, NNDM is maintaining its financial strength and position as the best-capitalized company in their ecosystem, allowing them to pursue strategic opportunities from a position of strength.

What type of bankruptcy protection did Desktop Metal file for?

Desktop Metal filed for Chapter 11 bankruptcy protection, which allows companies to reorganize their business while continuing operations.

Who made the decision for Desktop Metal to file for bankruptcy?

The decision to file for bankruptcy protection was made by Desktop Metal's independent Board of Directors after exploring available strategic alternatives.

What is Nano Dimension's strategy following Desktop Metal's bankruptcy?

Nano Dimension is focusing on safeguarding its financial strength and maintaining its position as the best-capitalized company in their ecosystem to pursue strategic opportunities from a position of maximum strength.