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Nano Dimension Ltd., a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced the closing of its underwritten public offering of 17,858,000 American Depositary Shares (the “ADSs”), or pre-funded ADS purchase warrants, each to purchase one ADS (the “Pre-Funded Warrants”) in lieu thereof. Additionally, 1,204,114 ADSs were sold pursuant to a partial exercise of the underwriter’s over-allotment option. Each ADS was sold to the public at a price per ADS of $0.70. Each Pre-Funded Warrant was sold to the public at a price per Pre-Funded Warrant of $0.6999, exercisable at any time after the date of issuance upon payment of the exercise price of $0.0001 per ADS.
The gross proceeds to the Company from this offering were approximately $13,343,000 before deducting underwriting discounts, commissions and other offering expenses.
Nano Dimension has granted the underwriter a 45-day option to purchase additional ADSs and pre-funded warrants to cover remaining over-allotments, if any, at the public offering price, less the underwriting discounts and commissions.
ThinkEquity, a division of Fordham Financial Management, Inc., acted as the sole underwriter for the offering.
Nano Dimension intends to use the proceeds of the offering for building up its sales and marketing infrastructure and for working capital and general corporate purposes.
This offering was made pursuant to an effective registration statement on Form F-1 (No. 333-237222) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus describing the terms of the offering has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov Electronic copies of the final prospectus may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, Telephone: (877) 436-3673; Email: firstname.lastname@example.org.