Nano Dimension Ltd. (Nasdaq: NNDM) stock was trading down early in the morning as it plunged -8% to $6.845 in the early treading on Monday, December 7, 2020, after a leading supplier of Additively Manufactured Electronics recently announced that it has entered into final investor arrangements to sell 30,000,000 American Depositary Shares of the Company for $6.00 per ADS under a registered direct offering.
Before deducting placement agent fees and other approximate offering expenses, the income derived from the offering will be approximately $180 million. The Company intends to use the net proceeds for working capital and other general corporate purposes and pursue strategic opportunities, including potential transactions involving business combinations. The closing of a registered direct offering will happen on or about December 9, 2020, subject to customary closing conditions.
