TORONTO--(BUSINESS WIRE)--Murchinson Ltd. (collectively with its affiliates and funds it advises and\/or sub-advises, \u201cMurchinson\u201d or \u201cwe\u201d), a significant shareholder with approximately 7.4% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (\u201cNano\u201d or the \u201cCompany\u201d), today issued the following letter to Nano shareholders.<\/p>
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\nFellow Nano Shareholders,<\/p>
\nOver the last few weeks and months, we have heard CEO Dave Stehlin repeatedly say that Nano\u2019s Board of Directors (the \u201cBoard\u201d), led by Chairman Robert (\u201cBob\u201d) Pons, is evaluating \u201cexciting opportunities<\/i>\u201d and \u201cvery interesting candidates\u201d <\/i>as potential uses of Nano\u2019s \u201cbalance sheet, public company platform, and strategic flexibility.<\/i>\u201d1<\/sup><\/p> \nWe believe that any Board decision to approve an ill-advised transaction would be self-serving and aimed at preserving the directors\u2019 seats rather than serving the interests of Nano and its shareholders. The parallels to the previous Board, led by Yoav Stern, are striking and should give any shareholder pause. Just as Mr. Stern \u2013 the fighter-pilot-turned-Kamikaze \u2013 appeared to treat the Company\u2019s resources as his own, it seems to us that Mr. Pons may be operating under the same mistaken assumption.<\/p> \nShareholders should ask: why is the Board following Mr. Pons in the footsteps of Mr. Stern, who, we believe, intentionally caused Nano to enter into a value-destructive transaction to preserve his position? Why does the Board insist on pursuing a deal that, in our opinion, is very likely to benefit others at the expense of Nano\u2019s shareholders?<\/p> \nWe are curious as to which flavor-of-the-week industry the Board may be considering. We invite shareholders to share their views with us at Contact@murchinsonltd.com<\/a> as to which of the following trendy sectors they believe is most likely:<\/p> \nFeel free to also share your opinion on what remuneration or payout, if any, you predict Messrs. Pons and Stehlin will receive in return for using Nano's money on this SPAC-like deal \u2013 despite very likely lacking even the faintest clue about the industry in which the target will ultimately operate. Will it be a cash golden parachute? Options? Warrants? Perpetually-paying cushy next-jobs or directorships?<\/p> \nHopefully, we will have survey results before the Board announces an ill-conceived transaction that we believe could strip Nano of its capital in exchange for nothing more than a pipedream, based on the Board\u2019s concerning track record to date.<\/p> \nWe look forward to your responses and to continuing this dialogue with our fellow shareholders.<\/p> \nSincerely,\n \n***<\/p> \nAbout Murchinson\n \nCautionary Statement Regarding Forward-Looking Statements\n \nDisclaimer\n \n________________________________________________<\/p><\/td><\/tr>\n<\/table> \n1<\/sup> Nano Dimension Q1 2026 Earnings Call (May 7, 2026); Press Release: Nano Dimension Issues Letter from Chief Executive Officer, David Stehlin<\/a> (June 5, 2026).<\/p>\n
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