Murchinson issues presentation detailing need for change at Nano Dimension

Murchinson Ltd, the largest shareholder with approximately 5.2% of the outstanding shares of Nano Dimension Ltd., issued a presentation outlining why it believes change is urgently needed at Nano Dimension. Shareholders have the opportunity to vote at the upcoming Special General Meeting of Shareholders, "in spite of the Company’s efforts to declare the meeting illegal and stop the voices of shareholders from being heard." Key takeaways from the presentation include: "The Company has drastically underperformed during Yoav Stern’s Chairmanship. 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 – reflecting investors’ concern regarding the current Board and management team’s continued destruction of value. The bottom line is that the longer the Stern-led Board remains in place, the greater the risk of further value erosion. The Stern-led Board has overseen terrible corporate governance and failed to hold management accountable. Stern’s Chairmanship has been characterized by a series of damaging capital allocation missteps. Murchinson is seeking to establish accountability and transparency and ensure the Board prioritizes protecting value for ALL shareholders. Murchinson believes a refreshed board can meaningfully enhance value."