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Nano Dimension Provides Update on Desktop Metal
NNDMNano Dimension(NNDM) Newsfilter·2025-04-21 11:30

Core Viewpoint - Nano Dimension Ltd. is taking steps to address the financial challenges faced by its subsidiary, Desktop Metal, by exploring strategic alternatives to manage its liabilities and liquidity needs [2]. Group 1: Company Actions - Desktop Metal has initiated a process to explore all available strategic alternatives to address its liabilities and liquidity needs [2]. - The company has appointed Robert Warshauer to its Board of Directors and engaged Piper Sandler & Co. and FTI Consulting, Inc. as financial advisers to assist in this process [2]. - Nano Dimension plans to provide further details regarding this situation during its upcoming financial results and outlook call, expected in late April 2025 [3]. Group 2: Industry Context - Nano Dimension operates in the Digital Manufacturing sector, focusing on advanced technologies for industries such as defense, aerospace, automotive, electronics, and medical devices [4]. - The company is driven by trends in onshoring, national security, and increasing product customization, which enable rapid deployment of high-mix, low-volume production with IP security and sustainable practices [4].