Welcome to our dedicated page for Nano Dimension news (Ticker: NNDM), a resource for investors and traders seeking the latest updates and insights on Nano Dimension stock.
Nano Dimension Ltd. reports news about digital manufacturing operations, product-line performance, financial results, and corporate portfolio actions. Company updates commonly reference Markforged, Essemtec, additive manufacturing, surface-mount technology, industrial inkjet printing, and the role of software and materials in its manufacturing systems.
Nano Dimension news also covers strategic alternatives, cost-management actions, shareholder meetings, ADS-related governance matters, and its transition from foreign private issuer reporting to U.S. domestic periodic reporting. Recent corporate updates have included product-line monetization, a limited-duration shareholder rights agreement, and annual meeting results.
Nano Dimension Ltd (Nasdaq: NNDM) reports that CEO Yoav Stern has purchased a Series A warrant for 6,880,402 ADSs at an exercise price of $5,160,302, with a cost of $150,000. To align his interests with shareholders, Stern forfeits options for 29,050,000 Ordinary Shares. While Stern anticipates zero revenue for Q2-2020 due to COVID-19 impacts, he expresses confidence in the company's long-term potential. Key strategies include focusing on product development and pausing heavy sales and marketing investments.
Nano Dimension Ltd. (Nasdaq: NNDM) will release its second quarter 2020 financial results on August 13, 2020, before the Nasdaq market opens. A conference call will be held at 9:00 a.m. ET on the same day, hosted by CEO Yoav Stern and CFO Yael Sandler, to discuss the results. Investors can join the call via a dedicated phone line or through a webcast. The company specializes in Additively Manufactured Electronics (AME) technology, enabling rapid prototyping and production of high-performance electronic devices from CAD designs.
Nano Dimension Ltd (Nasdaq: NNDM) announced a 1-for-50 reverse stock split approved by shareholders on April 16, 2020. This will reduce authorized shares from 2.5 billion to 50 million and increase par value from NIS 0.10 to NIS 5.00. The ratio of American Depositary Shares (ADSs) to ordinary shares will also change to 1:1, with no overall effect expected on ADS pricing. This split is set to take effect on June 29, 2020. The reverse split will not alter shareholder ownership percentages, with no fractional shares issued.
Nano Dimension Ltd. (Nasdaq: NNDM) has completed a registered direct offering of 17,950,000 American Depositary Shares at $2.00 per ADS, raising approximately $35.9 million before expenses. The proceeds will be used for working capital and general corporate purposes. The offering was managed by ThinkEquity, part of Fordham Financial Management. The transaction was conducted under an effective shelf registration with the SEC. This move indicates Nano Dimension's strategy to enhance its financial position and support business operations.
Nano Dimension (Nasdaq: NNDM) announced a registered direct offering of 17,950,000 American Depositary Shares at $2.00 per ADS, aiming to raise approximately $35.9 million before fees. Proceeds will be allocated for working capital and general corporate purposes. The closing is anticipated on or about May 22, 2020, pending customary conditions. ThinkEquity is the sole placement agent for this offering. This move follows regulatory compliance under an effective shelf registration filed with the SEC, with details to be outlined in a prospectus supplement.
Nano Dimension has partnered with HENSOLDT to develop the world's first 10-layer printed circuit board (PCB) capable of soldering components on both sides, a significant advancement in 3D printing technologies. This breakthrough utilizes Nano Dimension's innovative dielectric and conductive inks, allowing for quick prototyping and reduced development costs in high-performance electronics. HENSOLDT's expertise ensures enhanced reliability for military applications, while the partnership emphasizes rapid market readiness through Additively Manufactured Electronics (AME).
Nano Dimension (NNDM) announced its Q1 2020 financial results, reporting revenues of $702,000, a significant decrease from $1,977,000 in Q4 2019 and $1,689,000 in Q1 2019. The decline was mainly due to disrupted sales of DragonFly LDM machines amid Covid-19. The company incurred a net loss of $2,074,000, with cash reserves at $4,509,000. Despite these challenges, 24% of revenues came from consumables, and the company anticipates a potential recovery in sales as China stabilizes. The outlook for Q2 and Q3 remains cautious due to ongoing disruptions.
Nano Dimension (Nasdaq: NNDM) announced a successful partnership with REHAU, a polymer manufacturer, to develop a 3D touch sensor using the DragonFly LDM machine. This collaboration transforms REHAU's polymer products into advanced human-machine interface surfaces, aiming to enhance functionality and design. The DragonFly LDM is noted for its unique capability to print complex electronic circuitry. REHAU's initiative aligns with the growing demand for smart devices, focusing on innovative applications, improved efficiency, and cost reduction in the polymer industry.
Nano Dimension (Nasdaq, TASE: NNDM) will announce its first quarter 2020 results on May 14, 2020, prior to market opening. The company's CEO, Yoav Stern, and CFO, Yael Sandler, will host a conference call at 9:00 a.m. ET to discuss the results. Investors can join the call via toll-free or international numbers and register through their website. A replay will be available after the event. Nano Dimension specializes in Additively Manufactured Electronics, enabling rapid prototyping and production for various industries.
Summary not available.