Nano Dimension Stock Price, News & Analysis

Nano Dimension (Nasdaq: NNDM) has appointed Lazard as a strategic advisor for mergers and acquisitions and to address challenges posed by Bistricer/Murchinson. This move supports the company's ongoing M&A master plan aimed at accelerating growth and enhancing shareholder value. Notably, Nano Dimension has experienced exponential revenue growth of over 1,000% from 2020 to 2022 while retaining over $1 billion in cash. CEO Yoav Stern emphasized the goal of becoming the market leader in additive manufacturing and transforming traditional industries.

Nano Dimension (Nasdaq: NNDM) has initiated its share repurchase plan, committing up to $100 million to buy back its American Depository Shares (ADS). This plan allows management to repurchase shares in open market and private transactions based on market conditions. CEO Yoav Stern stated that the buyback reflects confidence in the company's value, particularly as current share prices are below cash value, positioning it as a value investment. The company aims to enhance shareholder value while pursuing synergistic mergers and acquisitions.

Nano Dimension (Nasdaq: NNDM) issued a statement on February 14, 2023, announcing that a special shareholder meeting called by Murchinson Ltd. was illegal and should be disregarded. The Company emphasized that Murchinson failed to comply with the Israeli Companies Law. This follows a lawsuit against Bistricer by the Ontario Securities Commission for violating securities laws. Nano Dimension remains committed to protecting shareholder rights against Murchinson's actions, which have previously included stock manipulation allegations. The Board assures shareholders it will only provide valid meeting information.

Murchinson Ltd. has called a Special General Meeting for March 20, 2023, to address shareholder concerns after Nano Dimension's refusal to convene a meeting. Murchinson holds 5.2% of the shares and aims to replace four current directors, including CEO Yoav Stern, with two independent nominees, Ken Traub and Dr. Joshua Rosensweig. The agenda includes amendments to the Articles of Association to empower shareholders in director appointments and removals. The record date for voting is February 17, 2023, with proxy materials filed with the SEC.

Murchinson Ltd., holding approximately 5.1% of Nano Dimension Ltd. (NASDAQ: NNDM) shares, urges Chairman Yoav Stern and the Board not to engage in hasty acquisitions. The firm expresses disappointment over the Board's lack of constructive interaction and seeks a special meeting for a possible reconstitution due to a 75% share price decline since Stern's appointment. Murchinson raises concerns about the stewardship of approximately $1 billion in the company's cash and warns against acquisitions intended to dilute shareholder value. The firm commits to opposing any actions perceived as self-serving to Mr. Stern and emphasizes the Board's fiduciary duty to shareholders.

Nano Dimension (Nasdaq: NNDM) announced the granting of a patent for a Cluster-Connected Neural Network that enhances its AI-supported cloud-based manufacturing platform. This technology enables more effective operations of DeepCube AI solutions across a decentralized network of 3D printers. The patent adds to DeepCube's existing intellectual property, totaling 20 granted and 25 pending patents. With this innovation, Nano Dimension aims to improve manufacturing yield and quality while also addressing the challenges of Industry 4.0. CEO Yoav Stern emphasized the strategic importance of AI in optimizing their advanced manufacturing solutions.

According to Technavio, the global 3D printer market is projected to grow by USD 25,095.58 million from 2022 to 2027, at a CAGR of 23.49%. North America dominated the market in 2022 and is expected to contribute 36% to market growth during the forecast period. Key drivers include rising consumer interest in customized 3D products and decreasing prices of 3D printers. However, the market faces challenges like the high cost of training workers for additive manufacturing, which could hinder growth. The report segments the market by product type, technology, and geography, finding significant growth in industrial 3D printers.

Nano Dimension (Nasdaq: NNDM) announced a purchase order for its DragonFly IV® AME 3D printer from a supplier to the U.S. government defense industry. This order highlights the printer's role in advancing innovation in the defense sector, particularly for high-performance electronic devices (Hi-PEDs®). The DragonFly IV® supports the development of critical applications, including drones and medical devices. The CEO emphasized the company's commitment to supporting national defense missions. Nano Dimension serves over 2,000 customers across diverse markets.

Nano Dimension Ltd. (Nasdaq: NNDM) announced revelations of serious legal violations by Murchinson Ltd. and its manager, Marc Bistricer, including misleading stock transactions and SEC investigations. The company has raised $1.5 billion from shareholders, boosting sales by over 1,180% since 2020. Nano Dimension aims for significant growth and profitability in 2023 while opposing the hostile takeover attempt by Murchinson at $4.00 per share. The company emphasizes the risk of losing its cash reserves and jeopardizing jobs for 550 employees due to Murchinson's actions, which threaten its financial and operational integrity.