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Nano Dimension Prices $12M Public Offering
February 5, 2019 | PRNewswireEstimated reading time: 1 minute
Nano Dimension Ltd., a leading additive electronics provider, today announced the pricing of an underwritten public offering of units consisting of 16 million American Depositary Shares together with Warrants to purchase 16 million American Depositary Shares and Rights to Purchase 12 million American Depositary Shares, at a combined price per unit to the public of $0.75. The gross proceeds to the Company from this offering are expected to be approximately $12 million before deducting underwriting discounts, commissions and other offering expenses. The Warrants will have an exercise price of $0.8625, will be exercisable upon issuance and will expire five years from the date of issuance. The Rights to Purchase will have an exercise price of $0.75, will be exercisable upon issuance and will expire 6 months from the date of issuance. Nano Dimension has granted the underwriter a 45-day option to purchase additional units to cover over-allotments, if any.
Nano Dimension intends to use the proceeds of the offering for scaling up sales and marketing globally, increasing production capabilities and general corporate purposes.
About Nano Dimension Ltd.
Nano Dimension is a leading electronics provider that is disrupting, reshaping, and defining the future of how cognitive connected products are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features. Demand for circuitry, including PCBs - which are the heart of every electronic device - covers a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension's products and services for rapid prototyping and short-run manufacturing.
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