SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of: August 2023 (Report No. 8)

 

Commission file number: 001-37600

 

NANO DIMENSION LTD.

(Translation of registrant’s name into English)

 

2 Ilan Ramon

Ness Ziona 7403635 Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

 

 

 

 

CONTENTS

 

On August 16, 2023, Nano Dimension Ltd. (the “Registrant”) issued: (i) a press release titled “Nano Dimension Sends Letter to Shareholders and Releases Video,” a copy of which is furnished herewith as Exhibit 99.1 and incorporated by reference herein; and (ii) a press release titled “Nano Dimension’s Chairman and CEO Issues Video Message About the Upcoming AGM Vote and Reveals the Actual Alternatives,” a copy of which is furnished herewith as Exhibit 99.2 and incorporated by reference herein.

 

On August 17, 2023, the Registrant issued a press release titled “Nano Dimension Invites Retail Shareholders to a General Q&A Session via SAY Technologies Platform,” a copy of which is furnished herewith as Exhibit 99.3 and incorporated by reference herein.

 

Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K is incorporated by reference into the Registrant’s registration statements on Form F-3 (File No. 333-255960333-233905333-251155333-252848333-251004 and 333-249184) and Form S-8 (File No. 333-214520333-248419 and 333-269436), filed with the Securities and Exchange Commission (“SEC”), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit No.    
99.1   Press release issued by Nano Dimension Ltd. on August 16, 2023, titled “Nano Dimension Sends Letter to Shareholders and Releases Video.”
99.2   Press release issued by Nano Dimension Ltd. on August 16, 2023, titled “Nano Dimension’s Chairman and CEO Issues Video Message About the Upcoming AGM Vote and Reveals the Actual Alternatives.”
99.3  Press release issued by Nano Dimension Ltd. on August 17, 2023, titled “Nano Dimension Invites Retail Shareholders to a General Q&A Session via SAY Technologies Platform.”

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Nano Dimension Ltd.
  (Registrant)
     
Date: August 17, 2023 By: /s/ Yael Sandler
  Name:  Yael Sandler
  Title: Chief Financial Officer

 

 

2

 

 

Exhibit 99.1

 

 

Nano Dimension Sends Letter to Shareholders and Releases Video

 

Shareholders Have Stark Choice: Vote for a Board that Is Building Significant Long-Term Value; Or Turn the Keys Over to a Bad Actor Who Has No Knowledge of the Industry or Ability to Run the Company

 

Murchinson’s Self-Serving Campaign is an Attempt to Obtain Nano’s Cash Reserves and Derail the Company’s Progress While Elevating its Profile as an “Activist”

 

Nano Urges Shareholders to Protect Their Investment and Vote “FOR” All of Nano’s Highly Qualified Nominees

 

To Learn More Visit: www.ProtectingNanoValue.com

 

Waltham, Mass., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today sent a letter to shareholders in connection with the Company’s upcoming 2023 Annual General Meeting of Shareholders (the “Annual Meeting”).

 

In connection with the Annual Meeting and its letter to shareholders, the Company also released a video from CEO and Chairman, Yoav Stern, in which he highlights Nano’s strong performance and the significant long-term value creation opportunity, while underscoring Murchinson’s lack of a strategic plan and aim to gain access to the Company’s cash reserves at the expense of other shareholders. The video can be viewed at www.ProtectingNanoValue.com.

 

Nano’s Board urges shareholders to protect their investment and the future of the Company by voting today “FOR” ALL of Nano’s highly qualified nominees. The Annual Meeting will be held on Thursday, September 7th, at 8:00 a.m. ET. Shareholders of record as of the close of business on July 31st, 2023, are entitled to vote at the meeting. Votes must be received by 12:00 p.m. ET on August 31, 2023. Please follow the instructions on your voting instruction form as your broker may impose earlier voting cut-offs.

 

The Company’s definitive proxy statement and other important information and resources related to the Annual Meeting can be found at www.ProtectingNanoValue.com or the investor relations page of the Company’s website.

 

The full text of the letter can be found below.

 

Dear Fellow Shareholder,

 

We would like to remind you of the important decision you have to make at the upcoming Annual General Meeting of Shareholders (“AGM”) of Nano Dimension Ltd. (“Nano” or the “Company”) on Thursday, September 7th, 2023. Do not delay as your vote must be received by 12 p.m. ET on August 31, 2023.

 

You face a stark choice as a Nano shareholder. You can either:

 

Vote for ALL of Nano’s highly qualified directors, allowing our Board to continue executing on our strategic plan that is building significant long-term value for all Nano shareholders;

 

– OR –

 

Vote for the nominees of a self-interested hedge fund that have no understanding of our business, no strategic plan and likely intend to liquidate Nano’s cash assets at the expense of other shareholders.

 

*Should EVEN ONE of Murchinson’s nominees get elected, Nano’s CEO announced he plans to resign, and senior management indicated potentially similar intentions.

 

THERE IS NO “IN-BETWEEN”

 

If you do not vote for ALL of Nano’s director candidates – who are each committed to protecting your investment – you will be turning the keys over to a bad actor with questionable motives and no knowledge of the industry or ability to run the company.

 

Murchinson Ltd. (“Murchinson”) is attempting to derail the Company’s progress and replace our deeply experienced Board members with three unqualified director candidates who have NO additive skills, NO strategic plan, and NO independence from Murchinson. We believe Murchinson’s intention is to dismantle the Company, jeopardizing the future value creation opportunity for other shareholders.

 

 

 

 

WE STRONGLY URGE YOU TO VOTE “FOR” ALL OF NANO’S HIGHLY QUALIFIED DIRECTOR CANDIDATES

 

Murchinson has no plan to create value for Nano’s shareholders and intends to liquidate the Company’s cash assets.

 

We believe Murchinson is motivated by a desire to elevate its own profile and make a quick profit by liquidating Nano at the expense of substantial long-term value creation potential for other shareholders.

 

Murchison’s own senior analyst, Mr. Moshe Sarfaty, in his July 2023 court testimony in response to questions from an Israeli court judge regarding Murchinson’s understanding of Nano’s business activities and valuation, responded with, among other things:

 

“I don’t analyze the activity because I don’t understand 3D printing…. we really have no idea what is good and what is not good to do here.”

 

With no insight into the business, one can only conclude that Murchinson’s intention is to take control of the Company and liquidate Nano’s cash assets.

 

Nano’s strategy is delivering results. This proxy contest risks jeopardizing Nano’s mission, the progress we have made and our long-term shareholder value trajectory.

 

Under Nano’s current strategy, our revenue tripled from 2020 to 2021 and grew more than 12x between 2020 and 2022. We expect revenue to continue growing as we advance Nano’s “buy and build” platform scaling strategy. Nano’s consequent focus on sales wins and new product development has led to consistent LTM revenue growth for the last eight quarters with a 2023 run-rate revenue of ~$60 million.

 

Nano’s Performance 2020-2023:

 

Nano’s ambitious and focused M&A strategy, combined with strong organic growth, has already driven significant value creation in recent years:

 

$4.4M revenue run rate in 2020 - 2021, up to $60M annual revenue run-rate based on Q1/2023

 

Close to 50% organic growth over the last since Q3/2022

 

Adjusted gross margins approaching 50%

 

6 synergistic product lines with hundreds of machines sold across four continents:

 

oAME

 

oAdditive Electronics

 

oAM for Metal and Ceramic

 

oMicro-Additive Manufacturing

 

oInk Systems

 

oDeep Learning AI for Industrial, AM, AME, and other applications

 

6 integrated acquisitions and $1.1 billion of cash, cash equivalents, deposits, and investments

 

Five R&D and manufacturing centers in the Netherlands, Switzerland, Germany, the UK, and Israel

 

Sales & marketing and operations in Boston (USA), Germany, the Netherlands, the UK, and Australia.

 

Our disciplined approach to capital allocation has enabled us to enter the next phase of this market – when capital is tight for our peers – with the cash firepower to continue to build our business. This is a direct result of our leadership’s ability to be decisive and forward-thinking in raising $1.5 billion in equity financing at the right time between April 2020 and April 2021 – when our valuation was particularly favorable, and cost of capital was low.

 

Our strong balance sheet leaves us ideally positioned to act as a consolidator in the highly fragmented market landscape and continue our track record of opportunistic M&A focused on shareholder return-on-investment. This includes out recently announced acquisition of technology and intellectual property of the U.K.-based company Additive Flow, which supplies solutions for 3D design simulation and optimization.

 

Our best-in-class team of executives has consistently unlocked the potential of acquired companies. Overall, companies acquired by Nano have significantly outgrown and outpaced peers in the industry after joining Nano.

 

We’re also committed to returning cash to shareholders, and the Nano Board recently authorized the repurchase of $227.5 million in American Depository Shares, subject to Israeli court approval.

 

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YOUR INVESTMENT IN NANO IS AT STAKE AND THE CHOICE IS CLEAR:

 

Protect the long-term value creation opportunity your Nano Dimension shares present by voting FOR all of the Company’s board nominees, or

 

Allow a self-interested bad actor with NO strategic plan to gain access to liquidate your company and use Nano’s significant cash reserves for its own benefit.

 

*Should EVEN ONE of Murchinson’s nominees get elected, Nano’s CEO announced he plans to resign, and senior management indicated potentially similar intentions.

 

We urge you to protect your investment and the significant value creation opportunity that Nano represents and vote FOR the current Nano Board.

 

 

1.Source: 13D filing by Murchinson Ltd., as amended, March 6, 2023

 

Do not let bad actors with questionable motives jeopardize your investment!
Vote “FOR” ALL of Nano Dimension’s highly qualified, top-caliber director candidates today.

 

Your vote is important. Throw away any proxy materials you may receive from Murchinson. If you have already voted, you can change your vote simply by following the instructions on your voting instruction form. Only your latest-dated vote will be counted.

 

Votes must be received by 12:00 p.m. ET on August 31, 2023. Please follow the instructions on your voting instruction form as your broker may impose earlier voting cut-offs.

 

VOTE “FOR” all of our Board nominees.

 

Your vote is important. Voting is easy – you can use any of the methods below by following the instructions on your voting instruction form:

 

ELECTRONIC: Locate the control number included on your voting instruction form and follow the easy instructions indicated.

E-MAIL: If you have received your proxy materials via e-mail, you can click the “VOTE NOW” button in the body of the e-mail.

MAIL: Mark, sign, and date your voting instruction form and return it in the postage-paid envelope provided. If you vote
electronically, you do not need to return your voting instruction form by mail.

 

If you have questions about how to vote your shares, please contact:

 

 

INNISFREE M&A INCORPORATED

 

Shareholders, Call Toll-Free: at (877) 717-3923 (for U.S. and Canada)

 

Or +1 (412) 232-3561 (all other countries).

 

Banks and Brokers, Call Collect: (212) 750-5833 

 

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About Nano Dimension

 

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.

 

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

 

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.

 

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing.

 

For more information, please visit www.nano-di.com.

 

Forward-Looking Statements

 

This letter contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this letter when it discusses revenue growth, M&A opportunities, shareholder value/returns and Murchinson’s intentions related to the Company. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. Actual results, performance, or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this letter. The forward-looking statements contained or implied in this letter are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this letter. Nano Dimension is not responsible for the contents of third-party websites.

 

NANO DIMENSION INVESTOR RELATIONS CONTACT

 

Investor Relations | ir@nano-di.com

 

NANO DIMENSION MEDIA CONTACT

 

Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com

 

To learn more, visit ProtectingNanoValue.com

 

 

4

 

 

Exhibit 99.2

 

 

Nano Dimension’s Chairman and CEO Issues Video Message About the Upcoming AGM Vote and Reveals the Actual Alternatives

 

See Video to Hear Directly From The Company’s Leader On What Is At Stake

 

Waltham, Mass., Aug. 16, 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, released a video in which Yoav Stern, Chairman and Chief Executive Officer of the Company, outlines what shareholders should know ahead of the Annual General Meeting (“AGM”) vote about Nano Dimension, including its strategy and future, while also revealing the alternatives with the Murchinson Ltd. backed slate.

 

Click here to watch the video via YouTube: https://youtu.be/6isQSXd5OGU

 

Shareholders can also find the video and learn more about voting by visiting: www.ProtectingNanoValue.com

 

Nano Dimension’s Board of Directors urges shareholders to protect their investment and the future of the Company by voting today “FOR” ALL of Nano Dimension’s highly qualified nominees. The AGM will be held on Thursday, September 7th, 2023 at 8:00 a.m. ET. Shareholders of record as of the close of business on July 31st, 2023, are entitled to vote at the meeting. Votes must be received by 12:00 p.m. ET on August 31, 2023. Please follow the instructions on your voting instruction form as your broker may impose earlier voting cut-offs.

 

About Nano Dimension

 

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.

 

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

 

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics manufacturing machines enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.

 

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com.

 

NANO DIMENSION INVESTOR RELATIONS CONTACT

 

Investor Relations | ir@nano-di.com

 

NANO DIMENSION MEDIA CONTACTS

 

Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com

 

 

 

Exhibit 99.3

 

 

 

Nano Dimension Invites Retail Shareholders to a General Q&A Session via SAY Technologies Platform

 

Opportunity to Pose Questions Directly to Management
via New Investor Engagement Platform

 

Waltham, Mass., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced that its retail shareholders are invited to submit questions for the first general Q&A session on the SAY Technologies platform, introducing a new way for investors to engage with the Company.

 

Registered retail shareholders can submit and upvote questions on the Q&A platform, from August 17th at 8:00 a.m. ET through August 23rd at 4:00 p.m. ET. Questions to management are welcomed on topics including Nano Dimension’s:

 

oCorporate strategy future value creation 

 

oM&A 

 

oInnovation and technology development 

 

oOther topics

 

The leadership team will provide written answers to a selection of questions from registered retail shareholders beginning on August 24th, 2023 at 4:00 p.m. ET.

 

To submit questions, please visit and register here.

 

About Nano Dimension

 

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.

 

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

 

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics manufacturing machines enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.

 

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com.

 

NANO DIMENSION INVESTOR RELATIONS CONTACT

 

Investor Relations | ir@nano-di.com

 

NANO DIMENSION MEDIA CONTACTS

 

Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com