DOW JONES27,960.80-1031.61 -3.56%
S&P 5003,225.89-111.86 -3.35%
NASDAQ9,221.28-355.31 -3.71%

Nano Dimension Prices 2,3M ADS Public Offering @$1.50/ADS

Nano Dimension Ltd., (Nasdaq: NNDM) announced the pricing of an underwritten public offering of 2,333,000 American Depositary Shares, at a price per ADS to the public of $1.50.

Benzinga · 02/05/2020 10:12

Nano Dimension Ltd., (Nasdaq: NNDM) announced the pricing of an underwritten public offering of 2,333,000 American Depositary Shares, at a price per ADS to the public of $1.50. The gross proceeds to the Company from this offering are expected to be approximately $3,499,500 before deducting underwriting discounts, commissions and other offering expenses, and excluding the exercise of the over-allotment option, if any. Nano Dimension has granted the underwriter a 45-day option to purchase up to 333,700 additional ADSs to cover over-allotments, if any, at the public offering price, less the underwriting discounts and commissions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as the sole underwriter for the offering.

Nano Dimension intends to use the proceeds of the offering for building up its sales and marketing infrastructure and headquarters in the United States, working capital and general corporate purposes.