Murchinson Issues Letter to Fellow Shareholders Encouraging Them to See Through Nano Dimension’s Deceptive Scare Tactics and Make Their Voices Heard

Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), the largest shareholder with approximately 5.2% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano Dimension” or the “Company”), today issued the below open letter to its fellow shareholders regarding the Yoav Stern-led Board of Directors’ (the “Board”) continued disinformation campaign and concerning attempts to dissuade shareholders from having their voices heard. The letter also includes as an appendix a comprehensive list of the real questions shareholders should be asking Mr. Stern and the Board.

Shareholders have the opportunity to vote at the upcoming Special General Meeting of Shareholders (the “Special Meeting”), in spite of the Company’s efforts to declare the meeting illegal. ADS holders should be mindful that all votes must be received by 12:00 p.m. E.T. on March 13, 2023, and, in any event, should correspond with their bank or broker to ensure their vote is counted.

For more information – including Murchinson’s new presentation “Saving Nano Dimension,” investors should visit: www.SaveNanoDimension.com.

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Fellow Shareholders,

As Nano Dimension’s largest shareholder, Murchinson’s interests are directly aligned with yours. We have one goal: to reverse the appalling value destruction under Yoav Stern’s Chairmanship and ensure that the Board starts acting in the best interests of all shareholders. Nano Dimension shares have declined by more than 77% since Mr. Stern was appointed Chairman in 2021¹. Further, the Company currently has a negative enterprise value of more than $400 million. These are not opinions or “misinformation.” They are real facts.

Is the Stern-led Board interested in defending its performance and laying out a coherent blueprint for reversing the tide? No. Instead, the main concern of the Board and its high-priced advisors seems to be doing everything possible to scare you, the shareholders, from voting at the upcoming Special Meeting.

Shareholders should ask themselves these critical questions:

1. Why have Mr. Stern and the Company issued a slew of aggressive press releases warning shareholders against voting if they are so confident that the Special Meeting is “invalid?”
2. If the Stern-led Board truly cared about the will of shareholders, why not let the vote occur – as we believe it ultimately will one way or another – and let investors be heard? What are Mr. Stern and his fellow Board members so afraid of?
3. Why is the Company’s campaign against the Special Meeting focused on disparaging Murchinson instead of the substance of our arguments? Why are they attacking the messenger instead of the message?

We believe the answer to each of these questions is that the Stern-led Board knows the facts are not on their side. Shareholders should take the time to draw conclusions for themselves – we encourage you to read the presentation Murchinson recently issued, available here. This document carefully details the current Board’s track record of dismal underperformance, terrible corporate governance and insider dealings, and poor capital allocation. Unlike the Company, Murchinson’s case for change is not built on innuendo or transparent scare tactics. It is built on facts.