Nano Dimension Stock Price, News & Analysis

Nano Dimension (NNDM) urges shareholders to vote 'FOR' all company proposals at the upcoming 2024 Annual General Meeting. ISS, a leading proxy advisory firm, acknowledges Nano's progress in executing its value creation strategy and recommends voting for General Garrett's re-election. The company recently added two Murchinson nominees to its Board following an Israeli court ruling. Nano highlights its achievements, including successful M&A deals, improved financial performance, and governance enhancements. The company opposes additional Murchinson board representation, warning it could hinder long-term value creation. Shareholders must vote by December 1, 2024, at 11:59 p.m. ET.

Nano Dimension (NASDAQ: NNDM) has issued a letter to shareholders regarding their upcoming 2024 Annual General Meeting, urging them to vote 'FOR' all company proposals by December 1st, 2024. The company emphasizes its progress in business performance, capital allocation, and corporate governance over the past year. The letter warns against Murchinson and Anson Advisors' attempts to gain control of half the Board, stating they already have two representatives. Nano's Board is seeking approval for two director nominees: General Michael X. Garrett and CEO Yoav Stern, to continue executing their growth strategy as a digital manufacturing leader.

Nano Dimension received an Israeli court ruling validating the March 2023 Extraordinary General Meeting results and subsequent Board decisions, including agreements to acquire Desktop Metal and Markforged. The court confirmed that Kenneth Traub and Dr. Joshua Rosensweig, former Murchinson nominees serving as Board observers, are now full Board members. Yoav Stern continues as CEO but is no longer a Board member, standing for election at the December 6, 2024 Annual Meeting. The company urges shareholders to vote 'FOR' all Nano's proposals and against Murchinson's proposals at the upcoming Annual Meeting.

The Israeli District Court has ruled in favor of Murchinson, validating the March 2023 special meeting results for Nano Dimension (NNDM). The Court confirmed shareholders' proposals to amend company articles, allowing them to fill Board vacancies and remove directors with simple majority. The ruling validates the removal of three directors (Stern, Nissan-Cohen, and Gera) and confirms Kenneth Traub and Dr. Joshua Rosensweig as legitimate Board members. Murchinson, holding approximately 7.1% of NNDM shares, urges the Board to comply with the decision immediately and implement the shareholder-approved changes.

Nano Dimension reported strong Q3/2024 results with revenue of $14.9M, up 22% from Q3/2023. The company achieved a gross margin of 48.2%, up 4.0% from Q3/2023, and reduced net cash burn by 80% to $3M. During Q3, Nano Dimension announced two significant M&A agreements with Desktop Metal and Markforged. The combined entity is projected to have $340M in revenue based on 2023 results and a capital position of $475M post-merger. Despite industry challenges, the company recorded its best third quarter performance while reducing operating expenses across all departments.

Murchinson , holding approximately 7.1% of Nano Dimension (NNDM), has issued a letter to shareholders criticizing the current Board of Directors for value destruction, failed capital allocation, and poor corporate governance. The investment firm is urging shareholders to vote for their independent nominees, Ofir Baharav and Bob Pons, before November 27th when electronic voting closes. Murchinson emphasizes that their campaign aims to elect directors who are unquestionably independent and better qualified than the incumbent directors up for re-election.

Nano Dimension (NNDM) has issued a important reminder to shareholders regarding the upcoming 2024 Annual General Meeting. The deadline for voting is December 1st, 2024, at 11:59 p.m. ET. The company's Board of Directors strongly urges shareholders to vote 'FOR' all of Nano's proposals and 'AGAINST' Murchinson 's proposals to protect their investment and the company's future.

Shareholders of record as of October 22nd, 2024, are eligible to vote at the Annual Meeting, scheduled for December 6th, 2024, at 7:00 a.m. ET. Due to potential earlier broker deadlines, shareholders are encouraged to vote immediately via email or electronic means following their proxy card instructions.

Nano Dimension (NNDM) has announced its Q3 2024 financial results conference call, scheduled for Wednesday, November 20th, 2024, at 9:00 a.m. ET. The results will be released before the Nasdaq market opens. The call will be hosted by CEO Yoav Stern, CFO Tomer Pinchas, and VP of Corporate Development Julien Lederman.

The company, a leading supplier of Additively Manufactured Electronics and 3D printing solutions, serves over 2,000 customers across aerospace & defense, automotive, high-tech industrial, and medical technology sectors. Their focus is on transforming electronics and mechanical manufacturing through AI-driven improvements and cloud-based distributed manufacturing networks.

Murchinson , holding approximately 7.1% of Nano Dimension (NNDM) shares, raises concerns about reported connections between Nano's management and affiliates of a sanctioned Russian oligarch. The statement questions the $70 million DeepCube acquisition and its controllers, Yaron Eitan and Andrew Intrater, demanding transparency about their alleged ties.

Murchinson seeks clarification about Anakhnu 's beneficial owners and whether Nano's Board, including Lockheed Martin Ventures' General Manager Christopher J. Moran, was informed of these connections. The statement emphasizes the sensitive nature of AI technology and potential implications for Nano's U.S. defense sector clients.