tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nano Dimension holder Murchinson says board ‘sabotages’ shareholder rights

Murchinson the largest shareholder with approximately 5.2% of the outstanding shares of Nano Dimension, issued a statement regarding the importance of shareholders voting at the upcoming Special General Meeting of Shareholders, in spite of the myriad efforts by Nano Dimension’s current Board of Directors to undermine the meeting: "Since the moment we exercised our legal right as shareholders to call the upcoming Special Meeting, the Yoav Stern-led Board of Nano Dimension has consistently sought to sabotage it and prevent shareholders’ voices from being heard – including by disseminating false and highly misleading statements while seeking to deflect the discussion and maintain the status quo. The Board’s framing of the Special Meeting as another step in a hostile takeover attempt that will allow Murchinson to somehow secure a windfall at shareholders’ expense is demonstrably untrue. Instead, it is apparent that the Board’s adamant refusal to acknowledge the validity of the Special Meeting – which was lawfully called – proves why enhanced corporate governance and proper oversight are required at Nano Dimension. In our view, the brazen attempt to subvert the legal process by calling the Special Meeting illegal is only the latest piece of evidence demonstrating the need for urgent change at the board level of the Company.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on NNDM:

Disclaimer & DisclosureReport an Issue

1