Nano Dimension raises $4m in private placement

Dragonfly printer Photo: Website

Ayalim Trust Funds is investing in the Israeli 3D printed electronics developer.

Israeli 3D printed electronics developer Nano Dimension Ltd. (Nasdaq: NNDM; TASE: NNDM), announced today that it has signed a private placement agreement with Ayalim Trust Funds, an Israeli institutional investor, for the funds under its management.

As a part of this funding, which totaled NIS 14.4 Million ($4 million), the Ness Ziona based company will issue 3,430,000 ordinary shares at a price per share of NIS 4.2 ($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.

Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. The company's products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company's primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.

Published by Globes [online], Israel business news - www.globes-online.com - on May 17, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Dragonfly printer Photo: Website
Dragonfly printer Photo: Website
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