Murchinson Highlights False Claims, Desperate Tactics and Disdain for Shareholders That Have Defined Nano’s Board During the Reign of Chairman and CEO Yoav Stern
Points Out 73% Decline in Shareholder Returns and Current Negative Enterprise Value of $383 Million Under Current Leadership – While Mr. Stern Himself Has Profited Enormously on Questionable Trading Activity in Nano’s Stock
Puts Forward Proposals to Save Nano Dimension by Improving Company’s Failed Corporate Governance, Removing All Current Directors and Appointing New, Experienced Nominees 100% Independent of Murchinson
Investors Are Urged to Vote Carefully, Make Sure That They Are Using the Most Up-To-Date Card and – As Needed – Revisit Votes Already Cast to Confirm That They Truly Reflect Your Preferences
Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 6.2% of the outstanding shares of Nano Dimension Ltd., a company incorporated in Israel (NASDAQ: NNDM) (“Nano Dimension” or the “Company”), today issued a letter to shareholders detailing the need for boardroom change.
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Founded in 2012 and based in Toronto, Canada, Murchinson is an alternative asset management firm that serves institutional investors, family offices and qualified clients. The firm has extensive experience capturing the best returning opportunities across global markets. Murchinson’s multi-strategy approach allows it to execute investments at all points in the market cycle with fluid allocation between strategies. Our team targets corporate action, distressed investing, private equity and structured finance situations, leveraging its broad market experience with a variety of specialized products and sophisticated hedging techniques to deliver alpha within a risk-averse mandate. Learn more at www.murchinsonltd.com.
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