Business
Why Nano Dimension Stock Plummeted Today – Motley Fool
The 3D printing specialist prices another direct offering.
What happened
Shares of Nano Dimension (NASDAQ:NNDM) have plummeted today, down by 11% as of 11:20 a.m. EST, after the company priced yet another registered direct offering. Nano Dimension will sell 35 million American depository shares at a price of $9.50 per ADS, a meaningful discount to yesterday’s close of $11.43.
So what
The industrials company, which specializes in 3D printing technology for electronics, will raise approximately $332.5 million in gross proceeds. Nano Dimension plans to use…
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