For more information, please visit www.nano-di.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s, Desktop Metal’s and Markforged’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The acquisitions of Desktop Metal and Markforged are subject to closing conditions, some of which are beyond the control of Nano Dimension, Desktop Metal or Markforged. For example, Nano Dimension is using forward-looking statements when it discusses benefits and advantages of the proposed transactions with Markforged and Desktop Metal, and the combined company, the combined company’s revenues and cash, the Company’s vision, and that the Company will be EBITDA positive by Q4 2026. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 21, 2024, and in any subsequent filings with the SEC. The combined company financial information included in this communication has not been audited or reviewed by Nano’s auditors and such information is provided for illustrative purposes only. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information about the Transaction and Where to Find It
In connection with the proposed transaction, Markforged filed a definitive proxy statement with the SEC on November 13, 2024. Markforged may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the proxy statement or any other document that Markforged may file with the SEC. The definitive proxy statement has been mailed to shareholders of Markforged. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about Markforged and the proposed transaction, at the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Markforged will be available free of charge on Markforged’s website at https://investors.markforged.com/sec-filings.
Participants in the Solicitation
Nano, Markforged and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Markforged shareholders in respect of the proposed transaction. Information about the directors and executive officers of Nano, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Nano’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, which was filed with the SEC on March 21, 2024. Information about the directors and executive officers of Markforged, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Markforged’s proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on April 26, 2024 and Markforged’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on March 15, 2024. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the proxy statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from Nano or Markforged using the sources indicated above.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Tomer Pinchas, CFO & COO | ir@nano-di.com
Unaudited Consolidated Statements of Financial Position as at
September 30, | December 31, | |||||
2023 | 2024 | 20233 | ||||
(In thousands of USD) | (Unaudited) | (Unaudited) | ||||
Assets | ||||||
Cash and cash equivalents | 489,323 | 213,660 | 309,571 | |||
Bank deposits | 383,354 | 547,091 | 541,967 | |||
Restricted deposits | 60 | 60 | 60 | |||
Trade receivables | 10,310 | 12,534 | 12,710 | |||
Other receivables | 4,845 | 4,782 | 11,290 | |||
Inventory | 21,276 | 19,510 | 18,390 | |||
Total current assets | 909,168 | 797,637 | 893,988 | |||
Restricted deposits | 846 | 861 | 881 | |||
Investment in securities | 131,951 | 80,566 | 138,446 | |||
Deferred tax | 259 | — | — | |||
Other receivables | 831 | — | — | |||
Property plant and equipment, net | 14,814 | 16,658 | 16,716 | |||
Right-of-use assets | 12,963 | 10,166 | 12,072 | |||
Intangible assets | 2,235 | 2,235 | 2,235 | |||
Total non-current assets | 163,899 | 110,486 | 170,350 | |||
Total assets | 1,073,067 | 908,123 | 1,064,338 | |||
Liabilities | ||||||
Trade payables | 8,148 | 3,433 | 4,696 | |||
Other payables | 24,117 | 20,242 | 25,265 | |||
Current portion of lease liability | 4,507 | 4,014 | 4,473 | |||
Current portion of bank loan | 235 | 148 | 38 | |||
Total current liabilities | 37,007 | 27,837 | 34,472 | |||
Liability in respect of government grants | 1,861 | 983 | 1,895 | |||
Employee benefits | 2,468 | 3,941 | 2,773 | |||
Long term lease liability | 9,000 | 7,429 | 8,742 | |||
Deferred tax liabilities | — | — | 75 | |||
Bank loan | 588 | 333 | 595 | |||
Total non-current liabilities | 13,917 | 12,686 | 14,080 | |||
Total liabilities | 50,924 | 40,523 | 48,552 | |||
Equity | ||||||
Non-controlling interests | 660 | 965 | 1,011 | |||
Share capital | 399,327 | 407,338 | 400,700 | |||
Share premium and capital reserves | 1,299,303 | 1,303,332 | 1,299,542 | |||
Treasury shares | (89,375 | ) | (167,651 | ) | (97,896 | ) |
Foreign currency translation reserve | 938 | 2,638 | 2,929 | |||
Remeasurement of net defined benefit liability (IAS 19) | 1,448 | (726 | ) | 707 | ||
Accumulated loss | (590,158 | ) | (678,296 | ) | (591,207 | ) |
Equity attributable to owners of the Company | 1,021,483 | 866,635 | 1,014,775 | |||
Total equity | 1,022,143 | 867,600 | 1,015,786 | |||
Total liabilities and equity | 1,073,067 | 908,123 | 1,064,338 | |||
Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income