Believes Shareholders Have Lost Faith in Management and the Board, Evidenced by the Company’s Persistent Negative Enterprise Value
Highlights the Approximately $600 Million Wasted by CEO Yoav Stern and the Current Board on Questionable Acquisitions that Have Destroyed Shareholder Value
Underscores the Current Board’s Inability to Hold Mr. Stern Accountable, Including by Supporting a Problematic Compensation Proposal that Would Award Mr. Stern Excessive Pay and Severance if He is Removed from the Board
Urges Shareholders to Vote for Murchinson’s Experienced and Independent Nominees, Ofir Baharav and Bob Pons,to Restore Accountability, Safeguard the Company’s Capital and Protect Shareholder Value
Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 7.1% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano” or the “Company”), today issued a letter to shareholders detailing the need for boardroom change.
The full text of the letter is available at www.SaveNanoDimension.com and can be viewed here.
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About Murchinson
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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The information contained or referenced herein is for information purposes only in order to provide the views of Murchinson and the matters which Murchinson believes to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Murchinson, whose opinions may change at any time and which are based on analyses of Murchinson and its advisors. In addition, the information contained herein is being publicly disclosed without prejudice and shall not be construed to prejudice any of Murchinson’s rights, demands, grounds and/or remedies under any contract and/or law.
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