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Is this update behind Nano Dimension (NNDM) performance in the post-market?

AZRX Stock

AZRX Stock

‎A leading provider of Additively Manufactured Electronics and Printed Electronics was up -2.89% to $10.67.

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Company Info 


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Nano Dimension (NASDAQ: NNDM) provides intelligent machines for manufacturing Additively Manufactured Electronics (AMEs). The use of high-fidelity active electronic and electromechanical subassemblies is integral to the development of autonomous and smart drones, cars, satellites, smartphones, and in-vivo medical devices. They require rapid prototyping and production, fast time-to-market, IP protection, and time-to-market improvement, which necessitates AME for in-house production and rapid prototyping.

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What’s happening there…

Nano Dimension Ltd. NNDM has announced the Company has reached agreements with investors to sell 35,000,000 shares for $9.50 per ADS in an accelerated public offering. Before deduction of placement agent fees and other estimated offering expenses, the offering’s gross proceeds will be approximately $332.5 million. Besides pursuing strategic opportunities, including possible mergers and acquisitions, the proceeds will go towards working capital and other general corporate purposes. It is expected that the registered direct offering will close on or about January 19, 2021, subject to customary closing conditions.

The sole placement agent of the offering is ThinkEquity, a division of Fordham Financial Management, Inc.

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Conclusion 

Investors are putting too much emphasis on hot tech names in new areas like artificial intelligence (AI), cloud computing, autonomous driving, and virtual reality. A recent report highlighted hardware stocks that should be considered by investors as this segment of the technology industry is due for significant gains.

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