Nano Dimension sent a letter to shareholders urging them to disregard proxy voting materials issued by Murchinson and its manager, Mr. Marc Bistricer. The company said, "As previously announced on January 30th, 2023, the notice of a special general meeting of the Company’s shareholders issued by Murchinson failed to comply with requirements under applicable law. Accordingly, the meeting is invalid. The Nano Dimension Board of Directors urges shareholders to take no action and disregard any materials or WHITE proxy cards they may receive. In addition, the Company filed today a lawsuit in the courts in Israel seeking a declaratory judgment that the Murchinson meeting is illegal and seeking damages in relation to Murchinson’s illegal and bad faith actions. Nano Dimension will inform its shareholders if and when a valid and duly called meeting will be held. The Nano Dimension Board of Directors and management team are committed to continuing to act in the best interest of the Company and all of its shareholders and in accordance with the applicable laws and regulations, as well as with the Company’s articles of association. The Company remains focused on its primary mission: to accelerate the growth of its business, leverage its unique market position and seize organic and inorganic opportunities to drive meaningful shareholder value creation. The Company initiated a $100 million share repurchase program and intends to continue its M&A strategy to create the clear AM market leader and transform AM, AME and adjacent industrial non-digitized sectors."
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 the top stocks recommended by analysts >>
Read More on NNDM:
- Nano Dimension Urges Shareholders to Disregard Proxy Voting Materials Issued by Murchinson Ltd.
- Nano Dimension holder Murchinson says board ‘sabotages’ shareholder rights
- Nano Dimension Hired Lazard to Advise on Potential Transformative Acquisitions
- Nano Dimension hires Lazard to advise on potential acquisitions
- Nano Dimension Initiates an Active Share Repurchase Process