Nano Dimension Stock Price, News & Analysis

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.

The global 3D graphene market is projected to grow from $2.5 million in 2021 to $39.1 million by 2031, at a CAGR of 31.6% (2022-2031). This growth is driven by increased demand in the electronics and energy sectors, particularly for consumer electronics. The energy storage segment alone accounted for over 40% of the market share in 2021 and is expected to grow at a faster rate of 31.86%. However, challenges such as graphene's toxic nature and high production costs may impede growth. The Asia-Pacific region is anticipated to dominate the market by 2031, with China leading due to its advanced electronic sector.

Nano Dimension Ltd. (Nasdaq: NNDM) reported significant financial results for the fourth quarter and full year 2022. The fourth quarter revenue reached $12.1 million, marking a 61% increase from Q4 2021 and 21% from Q3 2022. Full-year revenue totaled $43.6 million, a remarkable growth of 316% over 2021. Despite this revenue growth, the company faced a net loss of $227.4 million for 2022, which is an increase from the prior year's loss of $200.8 million. The company also announced plans for strategic acquisitions, including an offer to acquire Stratasys, aiming to strengthen its market position in additive manufacturing.

Stratasys Ltd. has received a revised unsolicited proposal from Nano Dimension Ltd. to acquire the company for $19.55 per share in cash. This comes after the previous offer of $18.00 per share, which the Stratasys Board deemed undervalued the company. The Board, in consultation with financial and legal advisors, will carefully evaluate the new proposal to assess its alignment with the best interests of Stratasys and its shareholders. Shareholders are advised to take no action at this time as the Board conducts its review.

Nano Dimension Ltd. (Nasdaq: NNDM) released a video analysis by CEO Yoav Stern regarding the recent Stratasys transaction. The video outlines potential benefits for shareholders and employees, emphasizing opportunities that a merged entity may provide. This communication aims to clarify details surrounding the strategic transaction and how it aligns with Nano Dimension's goal to revolutionize the manufacturing landscape through Additive Electronics and multi-dimensional additive manufacturing.

Nano Dimension (Nasdaq: NNDM) has submitted a revised cash offer of $19.55 per share to acquire Stratasys (Nasdaq: SSYS), valuing the deal at approximately $1.2 billion. This proposal includes a premium of 51% over the 60-day volume-weighted average price. The company aims to consolidate its position in the additive manufacturing market, leveraging Stratasys' offerings to expand its product portfolio. Nano Dimension has been a significant shareholder of Stratasys since July 2022, currently owning 14.5% of Stratasys’ shares. The Chairman urged Stratasys to remove any defensive measures, allowing its shareholders to vote on the proposal.

Nano Dimension (Nasdaq: NNDM) has initiated a lawsuit in the Southern District of New York against Murchinson Ltd., Anson Advisors, and Boothbay Fund Management. The complaint alleges that these defendants engaged in a conspiracy to acquire a significant stake in Nano Dimension, aiming to control the company and access its $1 billion cash. The lawsuit seeks to prevent further misuse of improperly obtained shares and demands compensation for conduct that harmed shareholders. The defendants purportedly evaded SEC disclosure requirements by concealing their accumulating interests, further raising concerns about potential manipulation of the company's stock.

Nano Dimension Ltd. (Nasdaq: NNDM) announced a significant purchase order for its DragonFly® IV system from Germany's Fraunhofer-Gesellschaft, a premier research organization. This order strengthens their strategic partnership, focusing on medical electronics development. The DragonFly® IV will facilitate innovative applications like autonomous drones and in vivo medical devices, essential for advanced projects in electronics. Fraunhofer IMTE aims to enhance its medical 3D printing capabilities with this technology. Nano Dimension emphasizes its commitment to transforming manufacturing through additive technologies, attending to various industries globally.

Nano Dimension Ltd. (Nasdaq: NNDM), the largest shareholder of Stratasys Ltd. (Nasdaq: SSYS) with a 14.5% stake, expressed disappointment after Stratasys rejected its all-cash acquisition offer of $18.00 per share. This proposal represented a 36% premium over Stratasys' stock price as of March 1, 2023. Despite initial constructive discussions, Stratasys' Board declined to engage further. Nano Dimension remains open to dialogue and is considering other strategic targets. Financial advisors Greenhill & Co., LLC and Lazard Frères & Co., LLC support Nano Dimension in this endeavor, emphasizing the company's commitment to growth strategy.