Nano Dimension Releases Presentation Highlighting Execution of Disciplined and Focused Value Creation Strategy for All Shareholders

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Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, released a detailed investor presentation highlighting the disciplined and focused steps the Company continues to take to drive value for all shareholders. The presentation also underscores Murchinson Ltd.’s lack of a strategic plan and continuing efforts to derail the Company’s progress and profit at the expense of other shareholders. 

Nano’s Board of Directors (Board) urges shareholders to protect their investment and the future of the Company by voting today “FOR” ALL of Nano’s proposals and AGAINST ALL of Murchinson’s proposals.

Highlights from the presentation include:

Under the Guidance of Nano’s Board and Leadership of Its Management Team, the Company is Delivering on Its Promises to Shareholders. Significant Progress From the Past 12 Months Include:

Transformational M&A. Agreements to acquire Desktop Metal, Inc. (“Desktop Metal”) and Markforged Holding Corporation (“Markforged”) are a realization of Nano’s ambitious and prudent M&A strategy to create the market leader in AM and will provide Nano with a clear path to profitability.

Improvements in financial and operational performance. Nano’s focus on operational excellence has delivered strong organic growth and meaningful efficiencies, including 29% organic revenue growth in 2023 compared to the year prior. In addition, Nano reported a 69% reduction in cash burn in the first half of 2024 from the first half of 2023.

Returning capital to shareholders. Nano is executing a balanced capital allocation approach, including over $160 million in share repurchases since August 2022, investment in R&D, and further growth through M&A.

Significant governance enhancements. Nano has acted on feedback from shareholders and governance experts over the past year, enacting important enhancements to its corporate governance. These changes include reducing the size of the Board, separating the Company’s Chairman and CEO roles and continuing Board refreshment, adding three new directors in the past year alone.

Nano is Executing a Focused Value Creation Strategy That Is Poised to Deliver Future Value Creation for ALL Shareholders.

Digital Manufacturing Leader. Nano’s Board and management team have driven Nano's transformation into a digital manufacturing leader. The pending Desktop Metal and Markforged acquisitions accelerate Nano’s strategy and are expected to create a company with $340 million in combined revenue based on 2023 and an expected $475 million in cash and cash equivalents at the close of both transactions, which will support continued growth.

Clear Path to Profitability. With a strong financial foundation in place and significant milestones already achieved, Nano is well positioned to be EBITDA positive by the fourth quarter of 2026.

Nano’s Progress is a Result of Its Strong Leadership.

Fit-For-Purpose, Independent Board. Nano’s Board consists of 8 highly qualified individuals – 7 of whom are independent – with diverse skills that align with and support the Company’s focus on growth, while taking its portfolio of products to the next level.

Targeted Directors Are Critical to Board Oversight. The two Nano directors targeted by Murchinson, CEO Yoav Stern and 4-Star General (Ret.) Michael X. Garrett, are critical to the Board’s oversight of Nano’s strategy and continued success. During their collective tenures, Nano has executed eight M&A transactions, driven meaningful operational efficiencies, delivered strong organic revenue growth, and implemented significant governance enhancements.

Murchinson Has NO Plan and Intends to Liquidate the Company, Depriving Shareholders of Significant Long-Term Value.

No Executable Ideas. After nearly two years of attacking Nano, Murchinson STILL has no plan for value creation, no executable ideas, no director candidates with additive skills, and no insight into Nano’s business.