Nano Dimension Initiates Legal Action to Protect Shareholders from Murchinson, Boothbay and Anson

Lawsuit in the Southern District of New York alleges that defendants:

• Conspired to obtain a large stake in Nano Dimension
• Sought to take control of the Company and capture its $1 billion in cash.
• Evaded SEC disclosure requirements by filing false and misleading regulatory disclosures.

The Complaint Seeks to Prevent Further Misuse of Improperly Acquired Shares at the Expense of All Nano Dimension Shareholders

Waltham, Mass., March 27, 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, today announced it has filed a lawsuit in the Southern District of New York against Murchinson Ltd. (“Murchinson”), Anson Advisors, Inc. (“Anson”), Boothbay Fund Management (“Boothbay”) and their affiliates (together, “Defendants”) for improperly acquiring and misusing their shareholding interests in Nano Dimension. The lawsuit seeks to immediately halt the Defendants’ unlawful actions and to compensate Nano Dimension for the misconduct.

The Company asserts that Defendants have a long history of coordinated efforts against Nano Dimension and the interests of its shareholders.  Among other illegal actions, the Complaint alleges that Defendants:

• Conspired to obtain a large stake in Nano Dimension by working in tandem to lower the price of the Company’s public securities in order to purchase shares at a discount;
  • On September 7^th, 2022, just two days after Murchinson made a non-binding offer to acquire the Company, Anson and Boothbay executed purchases totaling 1.86 million shares, or $4.5 million, within a matter of minutes. Murchinson’s offer was, at this point, supposed to be confidential, but the trades allowed Anson and Boothbay to profit off the non-public material information that Murchinson had made an offer to purchase Nano Dimension.
  • In the months that followed Murchinson, Anson, and Boothbay continued to acquire large amounts of Nano Dimension securities without disclosing their growing interests or close coordination.
• Sought to take control of the Company and capture its $1 billion in cash for themselves, rather than allowing it to be invested in the Company’s ongoing success and benefit of all shareholders; and
• Evaded disclosure requirements by attempting to hide the existence and purpose of their group as legally required and by filing false and misleading regulatory disclosures with the SEC;
  • Defendants began secretly acquiring shares in summer 2022, increasing their holdings from approximately 300,000 shares on March 31, 2022, to more than 23,632,500 shares by year-end – acquiring a more than 9% interest in the Company, and they continued to conceal a creeping accumulation of Nano Dimension’s shares. By January 11^th, 2023, the Murchinson-Anson-Boothbay group held above 10% beneficial ownership of Nano Dimension’s shares, and either failed to file Schedule 13Ds or omitted material information when they did file – never disclosing the existence and purpose of their group as legally required.

As detailed in its complaint, the Company provided evidence of prior coordination by the Defendants at other companies in an effort to gain trading advantage at the expense of other shareholders, and Defendants separately engaged in unlawful schemes in concert with additional investment funds.