Nano Dimension Ltd Closes $12M Public Offering of American Depositary Shares

NESS ZIONA, Israel, Sept. 30, 2016 /PRNewswire/ — Nano Dimension (TASE:NNDM, NASDAQ:NNDM), today announced the closing of its previously announced underwritten public offering of 1,850,000 American Depositary Shares (ADSs) at a price of $6.50 per ADS. In addition, Nano Dimension has granted the underwriters a 45-day over-allotment option to purchase up to 277,500 additional ADSs at the public offering price. All of the ADSs are being offered by the Company.
Nano Dimension intends to use the proceeds of this offering to fund sales and marketing activities for its printers, scaling up its production facilities, production expenses relating to its printers and inks, research and development, potential licensing as well as for general working capital and other corporate purposes.
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