The Israeli firm not too long ago introduced a serious breakthrough in its 3D printing know-how for print circuit boards.
Israeli electronics 3D printing firm Nano Dimension Ltd. (Nasdaq: NNDM) introduced of Friday that it had entered into definitive agreements with buyers for the sale of 25 million American Depositary Shares at $Four every for gross proceeds $100 million, earlier than charges and bills. This was a serious 31.7% low cost on the corporate’s share value on shut of commerce on Thursday of $5.86. On Friday, the corporate’s share value fell 24.4% on Wall Avenue, giving a market cap of $316 million.
That is nonetheless far above the $0.80 that the corporate’s share was price six months in the past when it delisted from the Tel Aviv Inventory Alternate (TASE). Shortly afterwards, Nano Dimension introduced a serious breakthrough in its 3D printing know-how for print circuit boards (PCBs). Whereas circuit boards are primarily 2D buildings, the corporate’s DragonFly gadget is now capable of 3D print three-dimensional printed circuit boards.
Within the third quarter of 2020, Nano Dimension reported income of simply $438,000 and a web lack of $20.7 million.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 22, 2020
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Nano Dimension 3D printer picture: PR