Nano Dimension Raises $4.8 Million (NIS 17.1 Million) from Israeli Investors through a Private Placement
NESS ZIONA, ISRAEL / ACCESSWIRE / June 14, 2017 / Nano Dimension Ltd., a leader in the field of 3D printed electronics (NASDAQ: NNDM, TASE: NNDM), announced today that it has signed private placement agreements with several Israeli investors. Shotfut Menayot Israel HaPhoenix Amitim and the Phoenix Investment and Finances Ltd., Israeli institutional investors that participated in this private placement, will together hold an aggregate of approximately 5.5% of Nano Dimension's issued share capital following the issuance.
According to the agreements with Shotfut Menayot Israel HaPhoenix Amitim and the Phoenix Investment and Finances Ltd., the Company undertook, within a period of six months from the closing date, not to issue new securities at a price per share lower than 125% of the price per share in this issuance.
As a part of this private placement, which totaled NIS 17.1 million (approximately $4.8 million), the Company will issue approximately 4.1 million ordinary shares at a price per share of NIS 4.2 (approximately $1.19 per ordinary share, or $5.94 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 described herein 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.
