- Ignore Bistricer/Murchinson Ltd.'s Misinformation Campaign
- Disregard Murchinson/Bistricer Proxy Voting Materials
- No Shareholder Action Is Required at This Time
- Company Will Inform Shareholders If and When a Valid and Duly Called Shareholder Meeting Will be Held.
NANO filed a lawsuit seeking a declaratory judgment that the Bistricer/Murchinson's meeting is illegal and seeking $10 million damages in relation to their illegal and bad faith actions.
Waltham, Mass, March 07, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM, " Nano Dimension" or the " Company" ))))), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printers, today reiterated that the shareholder meeting called by Bistricer/Murchinson Ltd. ("Bistricer/Murchinson") is invalid.
The Company also issued the following statement in response to the campaign of misinformation from Murchinson in its invalid pursuit of a shareholder vote: "Nano's Board and management team remain wholly focused on executing on our mission and on delivering value for shareholders. Our current strategy has driven results, including 1,000% growth in annual revenues within a two-year period, while preserving over $1 billion in cash on the balance sheet to fund future growth. We have also recently initiated a $100 million share repurchase program and are relentlessly focused on executing our proven strategy to accelerate the growth of our business, leverage our unique market position and seize organic and inorganic opportunities to drive meaningful shareholder value creation. We are determined to protect our Company and shareholders from Murchinson's continued campaign of false and misleading information."
As previously announced on January 30th, 2023, and February 23rd, 2023, the notice of a special general meeting of the Company's shareholders issued by Murchinson failed to comply with requirements under applicable law. Accordingly, the meeting is invalid. The Nano Dimension Board of Directors urges shareholders to take NO ACTION AND DISREGARD ANY MATERIALS OR WHITE PROXY CARDS THEY MAY RECEIVE.
The Nano Dimension Board of Directors and management team are committed to continuing to act in the best interest of the Company and all of its shareholders and in accordance with the applicable laws and regulations, as well as with the Company's articles of association.
AT THIS TIME, NO ACTION BY NANO DIMENSION SHAREHOLDERS IS REQUIRED. Only Nano Dimension will inform its shareholders if and when a valid and duly called meeting will be held, and the Company will provide materials describing important facts to consider in your election of Directors or any other matters being voted upon at that time.
IF YOU HAVE ANY QUESTIONS, PLEASE CALL OUR PROXY SOLICITOR, INNISFREE M&A INCORPORATED, TOLL-FREE AT (888) 750-9498.
Lazard Frères & Co., LLC is acting as Nano Dimension's financial advisor, and Sullivan & Worcester LLP is serving as legal advisor.