Murchinson Sends Letter to Nano Dimension Shareholders Detailing the Need for Board Change Now in Order to Save Nano

Business Wire 5-Nov-2024 5:30 PM

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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