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Nano Dimension Raises $12M in Public Offering of American Depositary Shares
Sep. 27, 2016 11:40AM PST
Emerging Technology
NESS ZIONA, Israel, Sept. 27, 2016 /PRNewswire/ — Nano Dimension (TASE:NNDM,NASDAQ:NNDM), a leader in the field of 3D Printed Electronics, today announced the pricing of its public offering of 1,850,000 American Depository Shares (ADSs) at a price of $6.50 per ADS.
NESS ZIONA, Israel, Sept. 27, 2016 /PRNewswire/ — Nano Dimension (TASE:NNDM, NASDAQ:NNDM), a leader in the field of 3D Printed Electronics, today announced the pricing of its public offering of 1,850,000 American Depository 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.
National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD) is acting as sole book running manager for the offering. Lake Street Capital Markets is acting as co-manager for the offering. The Chairman of the Board of the Company is participating in the offering.
The Company expects to receive gross proceeds from the offering, excluding the exercise of the over-allotment option, if any, of approximately $12 million, excluding underwriting discounts and commissions and other offering-related expenses. Assuming the full exercise of the over-allotment option, the gross proceeds may reach $13.8 million.
Nano Dimension intends to use the proceeds of this offering to fund sales and marketing activities of its printers, scaling up of 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.
Connect with Nano Dimension (TASE:NNDM,NASDAQ:NNDM) to receive an Investor Presentation.
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