Murchinson Issues Presentation Detailing the Urgent Need for Wholesale Boardroom Change at Nano Dimension

Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 6.2% of the outstanding shares of Nano Dimension Ltd., a company incorporated in Israel (NASDAQ: NNDM) (“Nano Dimension” or the “Company”), today issued a presentation that details the urgent need for boardroom change at Nano Dimension. Murchinson has also prepared a five-pillar plan to improve leadership, capital allocation and corporate governance at the Company, and is confident its independent director candidates have the right skill sets and expertise to put the Company on the path to shareholder value creation.

The presentation is available at www.SaveNanoDimension.com and can be viewed here.

The proposals put forth by Murchinson for the Company’s Annual General Meeting of Shareholders (the “Annual Meeting”), scheduled for September 7, 2023 (with a voting cut-off set for August 31, 2023 at 12:00pm ET) include:

1. The removal of all members of the Board of Directors (the “Board”), including those who are not up for re-election at the Annual Meeting.
   
   
2. The election of three new independent and experienced director candidates: Ms. Karen Sarid, Mr. Robert Pons and Mr. Phillip Borenstein. Notably, the Company disregarded Murchinson’s two other highly qualified director candidates with no apparent justification – though Murchinson’s plan includes further reconstitution of the Board following the Annual Meeting, including working with current Board observers Kenneth Traub and Dr. Joshua Rosensweig.
   
   
3. Amending the Company’s Articles of Association to drastically improve its governance, including the declassification of the Board.

Murchinson commented:

“Since CEO Yoav Stern became Chairman, Nano Dimension shareholders have suffered significant losses and been repeatedly disenfranchised. The Board has taken every opportunity to further entrench itself, including by refusing to accept the March Special Meeting results (where shareholders voted to remove Chairman Stern), filing frivolous litigation against shareholders, pursuing a dead-end campaign to acquire Stratasys Ltd. and rejecting two of the highly qualified nominees Murchinson put forward at this year’s Annual Meeting. Most recently, Mr. Stern even went so far to threaten that he and certain executives would resign if just one of our independent directors is elected by shareholders.