Nano Dimension has announced that it is to raise US$12.0m (gross) through a placing of 1.85m new American Depositary Shares (ADSs) at US$6.50/ADS (a c 18% discount to Tuesday’s opening price). In addition, it has granted the underwriters a 45-day over-allotment option to purchase up to 277,500 additional ADSs at the public offering price. Assuming the full exercise of the over-allotment option, the gross proceeds may reach $13.8m. We will update our estimates once the offer has completed on 30 September.
