Latest news with #NanoDimension
Business Upturn
29-07-2025
- Business
- Business Upturn
Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
Waltham, Massachusetts, July 28, 2025 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM) ('Nano Dimension' or the 'Company'), a leader in Digital Manufacturing solutions, today announced that its subsidiary, Desktop Metal, Inc. ('Desktop Metal'), has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code. The decision to file for bankruptcy protection was made by Desktop Metal's independent Board of Directors, who conducted a process to explore available strategic alternatives and address Desktop Metal's significant liabilities and liquidity needs stemming from decisions made by its prior management. Ofir Baharav, Nano Dimension's CEO said: 'We are safeguarding our financial strength and preserving our position as the best capitalized company in our ecosystem. This is what enables the Company's to pursue strategic opportunities from a position of maximum strength—and that is exactly what the Company's shareholders should expect from us.' About Nano Dimension Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano's future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management's beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading 'Risk Factors' in Nano's annual report on Form 20-F filed with the Securities and Exchange Commission (the 'SEC') on May 12, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano 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 communication. Investors: ICR – [email protected] Media: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Bloomberg
28-07-2025
- Business
- Bloomberg
Desktop Metal Files Bankruptcy After Lawyers Demand Unpaid Fees
Desktop Metal Inc., a maker of 3D printers and other machines used in manufacturing, filed bankruptcy just months after new owners were forced by a court to complete a takeover of the company. Desktop Metal will try to sell assets in Europe to pay its debts, including nearly $30 million owed to the law firm that won the case forcing the merger of the company with Nano Dimension. Earlier this year, the law firm Quinn Emanuel Urquhart & Sullivan asked a judge to secure some Desktop Metal assets while a dispute over legal fees related to the merger case went forward.
Yahoo
11-06-2025
- Business
- Yahoo
Nano Dimension Strengthens Board with Technology and Growth Experts to Accelerate Global Manufacturing Platform Expansion
Waltham, Massachusetts, June 11, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ('Nano Dimension' or the 'Company'), a leader in Digital Manufacturing solutions, has appointed two technology and growth experts, Andy Sriubas and Eileen Tanghal, to its Board of Directors. The appointments come at a pivotal moment as the Company shifts from M&A integration to scaling a unified technology platform across its global markets. 'We are strengthening our board at a critical moment in Nano Dimension's development,' said Ofir Baharav, CEO, Nano Dimension. 'With our digital manufacturing platform now aligned and abundant opportunities in front of us, Andy and Eileen bring forward-thinking leadership and operational experience that will help guide our next phase with a focus on delivering for shareholders. Both bring a deep understanding of technology at its core and a broad perspective on how to translate it into value.' Andy Sriubas is a veteran commercial executive and former chief commercial officer at OUTFRONT Media, where he led digital transformation, strategic partnerships, and new revenue generation. He previously spent over two decades as an investment banker with JPMorgan, UBS, and DLJ, advising on complex M&A and capital markets transactions. Sriubas earned a bachelor of science degree in finance at Boston College's Wallace E. Carroll School of Management. His professional certificates include Stanford Law School, Board of Directors College; MIT xPro in Quantum Mechanics; and MIT Sloan School of Management in Blockchain Technology. He is located in South Carolina. Eileen Tanghal is co-founder and general partner at venture capital firm Black Opal Ventures, with deep expertise in evaluating and scaling breakthrough technologies. A former partner at In-Q-Tel, a venture capital firm established by the Central Intelligence Agency, and executive at ARM and Applied Materials Ventures, she brings a unique ability to assess technical foundations and translate them into scalable, disruptive outcomes. Tangal earned her MBA in International Finance and Entrepreneurial Management from the London Business School, and a bachelor's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. She is based in the Silicon Valley area. 'My career has largely been dedicated to leveraging platform technologies and helping companies to successfully navigate digital transformation,' said Sriubas. 'This is a transformative period for Nano Dimension with the Company's expanded technology portfolio and renewed focus on execution presenting a unique opportunity to shape the future of digital manufacturing. I look forward to contributing my expertise to help accelerate growth, unlock value, and scale innovation that truly matters.' 'Nano Dimension is at an important inflection point in its growth and focus on commercialization in the digital manufacturing market,' said Tanghal. 'Like so many of the companies I have supported over the decades, it is on the cusp of using technology to solve many of the global manufacturing industries' largest problems. Its seasoned management team and broad array of patents, technologies and proven solutions have set the Company up for success.' Bob Pons, chairman of the board of Nano Dimension, added: 'Andy and Eileen bring complementary strengths—Andy in commercializing platforms and navigating strategic opportunities and Eileen in identifying and scaling transformative technologies. Together, they add depth to the Company's existing board, bringing strategic foresight and real-world operating acumen at a moment when Nano Dimension solidifies its digital manufacturing leadership and is primed for growth.' About Nano Dimension Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano's future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management's beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading 'Risk Factors' in Nano's annual report on Form 20-F filed with the Securities and Exchange Commission (the 'SEC') on May 12, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano 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 communication. # # # Editor's note: High-resolution photos of new board members Andy Sriubas and Eileen Tanghal are available upon request. Contacts: Investors: ICR - nano-di@ Media: Feintuch Communications - NanoDimension@ in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Nano Dimension to Host Q1 2025 Financial Results Conference Call
Call to Be Held Thursday, June 12 at 4:30 PM EST Waltham, Massachusetts, June 10, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ('Nano Dimension' or the 'Company'), a leader in Digital Manufacturing solutions, today announced it will host a conference call and webcast to discuss its Q1 2025 financial results for the period ended March 31, 2025. Date: Thursday, June 12, 2025 Time: 4:30 pm EST Listen in via US dial-in: 1-844-695-5517 Listen via international dial-in: 1-412-902-6751 Listen and view presentation via webcast: Participants are advised to log in at least 10 minutes prior to the call. A replay of the webcast will be accessible at the same link shortly after the conclusion of the call. About Nano Dimension Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit Investors: ir@ Media: NanoDimension@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
Promising Penny Stocks To Watch In April 2025
Over the last 7 days, the United States market has risen by 7.0%, reflecting a positive trend with a 12-month increase of 7.5% and an anticipated annual earnings growth of 14%. While penny stocks might seem like a relic from past market eras, they continue to represent smaller or newer companies that offer affordability and growth potential. By focusing on those with robust financials and clear growth trajectories, investors can find promising opportunities in this sector. Name Share Price Market Cap Financial Health Rating Safe Bulkers (NYSE:SB) $3.39 $355.42M ★★★★☆☆ Tuya (NYSE:TUYA) $2.22 $1.2B ★★★★★★ Smith Micro Software (NasdaqCM:SMSI) $1.17 $20.8M ★★★★☆☆ Kiora Pharmaceuticals (NasdaqCM:KPRX) $3.20 $9.6M ★★★★★★ Flexible Solutions International (NYSEAM:FSI) $3.87 $48.95M ★★★★★★ TETRA Technologies (NYSE:TTI) $2.69 $356.14M ★★★★☆☆ BAB (OTCPK:BABB) $0.81 $5.88M ★★★★★★ Lifetime Brands (NasdaqGS:LCUT) $3.59 $79.56M ★★★★★☆ New Horizon Aircraft (NasdaqCM:HOVR) $0.501 $15.72M ★★★★★★ CBAK Energy Technology (NasdaqCM:CBAT) $0.7133 $64.15M ★★★★★☆ Click here to see the full list of 763 stocks from our US Penny Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Nano Dimension Ltd., along with its subsidiaries, provides additive manufacturing solutions both in Israel and internationally, with a market cap of approximately $361.74 million. Operations: The company generates revenue from its Printers & Related Products segment, which amounted to $57.66 million. Market Cap: $361.74M Nano Dimension Ltd., with a market cap of approximately US$361.74 million, has seen significant executive changes, including the appointment of Ofir Baharav as CEO to drive strategic realignment and cost reduction. The company remains unprofitable with negative return on equity but maintains a strong cash position, sufficient to cover liabilities and sustain operations for over three years if current cash flow trends continue. Recent product innovations in high-performance electronics manufacturing signal potential growth avenues. Despite legal setbacks regarding its merger agreement with Desktop Metal Inc., Nano Dimension is actively pursuing operational efficiencies and shareholder value through governance enhancements and share buybacks worth up to US$150 million. Click here to discover the nuances of Nano Dimension with our detailed analytical financial health report. Learn about Nano Dimension's historical performance here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: SelectQuote, Inc. operates a technology-enabled, direct-to-consumer distribution platform for selling insurance policies and healthcare services in the United States, with a market cap of approximately $566.35 million. Operations: The company's revenue is primarily derived from its Senior segment at $666.89 million, Healthcare Services at $608.54 million, and Life segment at $161.91 million. Market Cap: $566.35M SelectQuote, Inc., with a market cap of US$566.35 million, has recently undertaken significant financial maneuvers to strengthen its position. Despite being unprofitable and carrying high net debt to equity, the company secured US$350 million through private placements involving Bain Capital and Morgan Stanley. This funding enhances its cash runway beyond three years while maintaining positive free cash flow growth of 9% annually. The board's expansion with experienced directors from notable private equity backgrounds could provide strategic insights for navigating volatility and liabilities that exceed short-term assets by US$386.4 million, amidst forecasted earnings growth of 185% per year. Get an in-depth perspective on SelectQuote's performance by reading our balance sheet health report here. Gain insights into SelectQuote's future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: DiDi Global Inc. operates a mobility technology platform offering various services in China, Brazil, Mexico, and internationally with a market cap of approximately $19.51 billion. Operations: The company generates revenue from three main segments: China Mobility at CN¥185.74 billion, International operations contributing CN¥11.04 billion, and Other Initiatives bringing in CN¥10.01 billion. Market Cap: $19.51B DiDi Global Inc., with a market cap of approximately $19.51 billion, has shown significant financial progress, becoming profitable this year with net income of CN¥1.26 billion compared to a loss the previous year. The company's strong cash position covers both short and long-term liabilities, while operating cash flow effectively manages debt levels. Recent share buybacks totaling $956.21 million reflect confidence in its valuation and future prospects. Despite low return on equity and large one-off losses impacting earnings quality, analysts anticipate substantial earnings growth of 43.57% annually, suggesting potential value for investors seeking exposure to recovery stories in the mobility sector. Dive into the specifics of DiDi Global here with our thorough balance sheet health report. Gain insights into DiDi Global's outlook and expected performance with our report on the company's earnings estimates. Explore the 763 names from our US Penny Stocks screener here. Want To Explore Some Alternatives? Rare earth metals are the new gold rush. Find out which 23 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:NNDM NYSE:SLQT and OTCPK:DIDI.Y. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
