Nano Dimension Increases Special Tender Offer Price for Stratasys Shares to $20.05 per Share In Cash

Extends Offer Period To July 24th, 2023

Reiterates Record Preliminary Q1/2023 Results (To be announced on June 29th, 2023):

  • 43% YoY Revenue Growt h
  • 50% Organic Revenue Growth since Q3 / 2022
  • 22% YoY Gross Margin G rowth from 37% in Q1/ 2022 to 4 5 % in Q1 / 20231

Nano’s Special Tender Offer Remains Stratasys Shareholders’ Only Alternative That Guarantees Near-Term Cash at a Compelling Value Premium

Stratasys Shareholders Have Until 5:00 p.m. New York Time on July 24 th , 2023, to Tender Shares to Nano

To Learn More About Nano’s Vision for Stratasys, As Well As
Details of Its Special Tender Offer for SSYS Shares, Visit www.StratasysValueNow.com

Contact Georgeson Toll-Free at (877) 668-1646 for Information on How to Tender

Waltham, Mass., June 27, 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 announced it has increased the offer price of its special tender offer (the “Offer”) from $18.00 to $20.05 per share in cash , less any required withholding taxes and without interest, extended the offer period and changed the percentage of Stratasys shares being sought in the Offer from between 38.8% and 40.8% to between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”).

The increased price represents a premium to all relevant Stratasys historical trading levels, including a 54.4% premium to the unaffected 60-day VWAP as of March 3rd, 2023. Nano’s special tender offer remains the only alternative available to Stratasys shareholders that provides certain, near-term cash at a compelling premium and provides the quickest path for Stratasys shareholders to realize premium value.

The offer period has been extended until 5:00 p.m. New York Time on July 24th, 2023 (unless further extended or earlier terminated) to provide shareholders with the opportunity to evaluate the increased Offer and tender shares, as well as to facilitate the ongoing review by the Committee on Foreign Investment in the United States, which has been delayed, due to Stratasys’ lack of responsiveness in providing requisite information, and to allow for the completion of the regulatory review process under the Hart-Scott-Rodino Act. The offer period was previously scheduled to expire at 11:59 p.m. New York Time on Monday, June 26th, 2023.

The successful completion of the special tender offer would increase Nano Dimension’s beneficial ownership of Stratasys to between 46% and 51% of the outstanding ordinary shares of Stratasys, inclusive of the approximately 14.1% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.

Nano Dimension’s Record Preliminary Quarterly Results

Nano also reiterated its previously announced preview of its financial results for the quarter ended March 31st, 2023 (“Q1/2023”), which are scheduled to be announced before market opens on Thursday, June 29th, 2023.

On a preliminary basis, Nano Dimension reported unaudited approximate consolidated for Q1/2023:

  • Revenues of $14. 9 7 million
    • 43 % increase over Q 1/ 2022 .
    • 24 % increase over Q4/ 2022.
  • Gross Profit increased 556 % YoY to $6.6 million.
  • Gross Margin increased 22% YoY: from 37% in Q1 / 2022 to 45% 2 .

The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the quarter ended March 31st, 2023, based on currently available information. The final first quarter results may vary from the preliminary estimates.

Additional Special Tender Offer Information

Shareholders who have validly tendered and not properly withdrawn their shares do not need to re-tender their shares or take any other action in response to extension of the Offer. Shareholders who have not yet tendered their shares or filed a notice of objection will be given the opportunity to do so in the same manner and under the same terms and conditions as set out in the Offer.

Based on information provided by Computershare Trust Company, N.A., the depositary for the tender offer, as of 11:59 p.m., New York time, on June 26 <

1 | 2  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise