Nano Dimension’s Board of Directors Emphasizes Shareholders’ Stark Choice Posed by Murchinson’s Self-Serving Campaign
Waltham, Mass., Aug. 11, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today released a statement about Murchinson Ltd.’s (“Murchinson”) self-interested attempt to seize control of Nano’s Board of Directors (“Board”). The Board also announced that the Company’s Chief Executive Officer and Chairman, Yoav Stern, has informed the Board that he intends to resign from his Board positions before the upcoming Annual General Meeting (the “AGM”) and will resign as Nano’s Chief Executive Officer after the AGM, if any of the Murchinson nominees are elected to the Board.
- Murchinson’s cronies have been paid to serve as its director nominees, and the fund has offered no strategic plan whatsoever for creating value at Nano.
- Consequently, members of Nano senior management, including CEO Yoav Stern, have indicated that they do not intend to serve under a Board which includes any director paid by cash-chasing-predator-Murchinson.
- I remain confident in Nano and its Board, and unequivocally trust our uniquely capable group of eight directors.
- Nano shareholders must decide if this $4.00 per share return is sufficient, in comparison to much higher expected long-term value if Nano continues its present growth rate.