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Nano Dimension’s Director, Yaron Eitan, Invests in the Company
September 10, 2020 | Nano Dimension Ltd.Estimated reading time: Less than a minute
Nano Dimension Ltd., a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, announced that Yaron Eitan, who joined the Company’ board of directors in February 2020, is purchasing from the Company a warrant to buy up to 1,500,000 of the Company’s American Depositary Shares (ADSs) for an exercise price of $2.25 per ADS, a total investment of $3,375,000. The cost of the warrant is $150,000. The warrant will vest over a period of three years and will have a term of seven years.
Mr. Eitan commented: “Nano Dimension’s ‘one of its kind’ DragonFly LDM fabrication machine, that enables digital printing of 3D-advanced electronics, combined with a new and highly experienced management team, with whom I have worked before, is a winning combination. At this point, I know the company, its markets and its unprecedent barriers-to-entry for competition, which it has built through unique material, process and related intellectual property. I am excited to align my personal financial interest with the rest of our loyal shareholders. I believe that the recent personal investment by the Company’s Chief Executive Officer should be a sign of commitment and confidence in the new Nano Dimension.”
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