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.
Suggested Items
Altair Acquires Research in Flight, Forging a New Path for Aerodynamic Analysis
05/03/2024 | AltairAltair a global leader in computational intelligence, announced it has acquired Research in Flight, maker of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications.
Boeing, GKN Aerospace Close Deal for St. Louis Site
04/29/2024 | BoeingBoeing has closed a deal with GKN Aerospace St. Louis and its parent company, Melrose Industries, to continue the manufacturing of critical components that support the U.S. government and its allies.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.
Cicor Successfully Completes Acquisition of TT Electronics IoT Solutions Ltd.
04/03/2024 | CicorThe Cicor Group has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.