Murchinson sends open letter to Nano Dimension shareholders

Murchinson, one of the largest shareholders of Nano Dimension (NNDM), said that over the past two years, “we have invested considerable time and resources in an effort to effectuate meaningful change at Nano to finally address the anti-shareholder culture that has taken hold under contractless CEO Yoav Stern. Despite these efforts, including numerous attempts at raising these serious issues with the Nano Board of Directors, the troubling status quo remains – and Mr. Stern continues to make decisions that we believe are illegitimate and contrary to Nano’s and your best interests.” Murchinson noted a recent all-expenses paid trip for Stern and the board despite Nano recently cutting 25% of its workforce to reduce cash burn, and questioned the timing of the recent Desktop Metal (DM) stock price jump, leading Murchinson to believe Nano may be in deal talks with Desktop Metal and urges the Nano board to seek shareholder approval for any strategic deal.