SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: October 2023 (Report No. 5)
Commission file number: 001-37600
NANO DIMENSION LTD.
(Translation of registrant’s name into English)
2 Ilan Ramon
Ness Ziona 7403635 Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
On October 19, 2023, Nano Dimension
Ltd. (the “Registrant”) issued a press release titled “Nano Dimension Receives Israeli Court Approval for Its $200 Million
Repurchase Plan”, a copy of which is furnished herewith as Exhibit 99.1 and incorporated by reference herein.
The first three paragraphs and
section titled “Forward Looking Statements” in the press release attached hereto as Exhibit 99.1 are incorporated by reference
into the Registrant’s registration statements on Form F-3 (File No. 333-255960, 333-233905, 333-251155, 333-252848, 333-251004 and 333-249184)
and Form S-8 (File No. 333-214520, 333-248419 and 333-269436), filed with the Securities and Exchange Commission,
to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently
filed or furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Nano Dimension Ltd. |
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(Registrant) |
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Date: October 19, 2023 |
By: |
/s/ Tomer Pinchas |
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Name: |
Tomer Pinchas |
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Title: |
Chief Operating Officer |
2
Exhibit
99.1
Nano
Dimension Receives Israeli Court Approval for Its $200 Million Repurchase Plan
The
Repurchase Plan Enables Nano to Buy Back its Shares at Compelling Valuation Levels and Drive Shareholder Value
Waltham,
Mass., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”,
or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer,
metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced that it has received approval
from the Israeli Court for its request to implement its previously announced share repurchase plan (the “Repurchase Plan”),
allowing the Company to buy back up to $200 million worth of its American Depositary Shares (the “ADS”) during the next twelve
months.
The
Repurchase Plan authorizes the Company’s management to repurchase ADSs, from time to time, in open market transactions, in privately
negotiated transactions or in any other legally permissible way, depending on market conditions, share price, trading volume and other
factors. Such repurchases will be made in accordance with applicable U.S. securities laws and regulations, including Rule 10b-18 under
the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and applicable Israeli law.
The
Company may repurchase all or a portion of the authorized repurchase amount. The Repurchase Plan does not obligate the Company to repurchase
any specific number of the ADSs and may be suspended or terminated at any time at management’s discretion.
Yoav
Stern, Chief Executive Officer and a member of the Board of Directors of Nano Dimension, added: “The Board of Directors continually
reviews our capital allocation strategy and listens to our shareholders’ feedback. While large and synergistic M&A –
now possible at more reasonable valuations – ground-breaking R&D, and high-returning go-to-market investments are our focus,
we also believe there is a strong case to repurchase shares at attractive valuation levels, particularly in light of Nano Dimension shares
trading at a discount to net asset value. We will remain disciplined in our capital allocation approach as we execute this program to
ensure we are capitalizing on the best way to deliver shareholder value.”
About
Nano Dimension
Nano
Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally
friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital
designs to electronic or mechanical devices - on demand, anytime, anywhere.
Nano
Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities
by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano
Dimension has served over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech
industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and
Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the
design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions
for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size
with micron precision.
Through
the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production,
IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities
of additive manufacturing.
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. For example, Nano Dimension is using forward-looking
statements in this press release when it discusses its $200 million repurchase plan, the potential for repurchases under the Repurchase
Plan, the potential benefits therefrom and the Company’s capital allocation approach. Because such statements deal with future
events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. 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 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 30, 2023, and in any subsequent filings with the SEC. 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.
NANO
DIMENSION INVESTOR RELATIONS CONTACT
Investor
Relations | ir@nano-di.com
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