Nano Dimension Announces Q2/2024 and H1/2024 Results

No Offer or Solicitation

This press release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Additional Information about the Transaction and Where to Find It

In connection with the proposed transaction, DM filed a definitive proxy statement with the SEC on August 15, 2024. DM may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the proxy statement or any other document that DM may file with the SEC. The definitive proxy statement has been mailed to shareholders of DM. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of the proxy statement and other documents containing important information about DM and the proposed transaction at the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by the Company are available free of charge on DM’s website at https://ir.desktopmetal.com/sec-filings/all-sec-filings.

Participants in the Solicitation

Nano Dimension, DM and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from DM shareholders in respect of the proposed transaction. Information about the directors and executive officers of Nano Dimension, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Nano’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, which was filed with the SEC on March 21, 2024. Information about the directors and executive officers of DM, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in DM’s proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on April 23, 2024 and DM’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on March 15, 2024. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement and other relevant materials filed with the SEC regarding the proposed transaction. Investors should read the proxy statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from Nano Dimension or DM using the sources indicated above.

NANO DIMENSION INVESTOR RELATIONS CONTACT

Tomer Pinchas, CFO & COO | ir@nano-di.com

 
Unaudited Consolidated Statements of Financial Position as at
 
  June 30, December 31,
  2023 2024 20232
(In thousands of USD)(Unaudited)(Unaudited) 
Assets   
Cash and cash equivalents454,555  231,777 309,571 
Bank deposits499,841  532,042 541,967 
Restricted deposits60  60 60 
Trade receivables12,523  12,150 12,710 
Other receivables5,360  5,134 11,290 
Inventory 19,546   19,289   18,390  
Total current assets 991,885   800,452   893,988  
       
Restricted deposits 858   875   881  
Investment in securities 172,185   81,342   138,446  
Deferred tax 249      
Other receivables 826      
Property plant and equipment, net 14,014   15,969   16,716  
Right-of-use assets 14,135   10,104   12,072  
Intangible assets   2,235   2,235  
Total non-current assets 202,267   110,525   170,350  
Total assets 1,194,152   910,977   1,064,338  
       
Liabilities      
Trade payables 3,216   2,935   4,696  
Other payables 21,173   20,374   25,265  
Current portion of lease liability 4,611   3,558   4,473  
Current portion of bank loan 274   139   38  
Total current liabilities 29,274   27,006   34,472  
       
Liability in respect of government grants 1,882   2,019   1,895  
Employee benefits 2,485   3,698   2,773  
Liability in respect of warrants 140      
Long term lease liability 10,168   7,652   8,742  
Deferred tax liabilities     75  
Bank loan 647   347   595  
Total non-current liabilities 15,322   13,716   14,080  
Total liabilities 44,596   40,722   48,552  
       
Equity      
Non-controlling interests 892   618   1,011  
Share capital 396,238   405,690   400,700  
Share premium and capital reserves 1,298,124   1,301,022   1,299,542  
Treasury shares (24,768 ) (167,651 ) (97,896 )
Foreign currency translation reserve 1,176   1,252   2,929  
Remeasurement of net defined benefit liability (IAS 19) 1,448   (726 ) 707  
Accumulated loss (523,554 ) (669,950 ) (591,207 )
Equity attributable to owners of the Company 1,148,664   869,637   1,014,775  
Total equity 1,149,556   870,255   1,015,786  
Total liabilities and equity 1,194,152   910,977   1,064,338  

____________________

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