Ness Ziona-based 3D printed electronics company Nano Dimension (NASDAQ, TASE: NNDM) has signed private placement agreements with Israeli and other non-US investors. As a part of this funding, which totaled NIS 17 million (approximately $4.7 million), the company will issue approximately 4 million ordinary shares at a price per share of NIS 4.2 (approximately $1.17 per ordinary share, or $5.85 per ADS). This funding does not include issuance of warrants and was priced at a minimum discount compared to the market price.
The issued ordinary shares will be restricted for a period of six months under Israeli securities laws. The securities have not been registered under the Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an applicable exemption from the registration requirements.
The company has raised a total of NIS 31 million in the past month.
Nano Dimension was founded in 2012. Its CEO is Amit Dror. The company focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Its products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials.
Published by Globes [online], Israel business news - www.globes-online.com - on June 1, 2017
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