Why Nano Dimension Stock Plummeted Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Nano Dimension Stock Plummeted Today

Shares of Nano Dimension (NASDAQ: NNDM) have plummeted today, down by 11% as of 11:20 a.m. EST, after the company priced yet another registered direct offering. Nano Dimension will sell 35 million American depository shares at a price of $9.50 per ADS, a meaningful discount to yesterday's close of $11.43. The industrials company, which specializes in 3D printing technology for electronics, will raise approximately $332.5 million in gross proceeds.