Murchinson Takes Action to Replace Board of Directors of Nano Dimension at Upcoming Annual General Meeting

Murchinson Ltd., a significant shareholder of Nano Dimension Ltd., has submitted proposals to replace the Board of Directors at the upcoming Annual General Meeting. Murchinson aims to overhaul the company's broken corporate governance, which it believes is necessary to improve Nano Dimension's negative enterprise value and poor financial performance.

The proposals put forth by Murchinson include the removal of all current board members, the election or appointment of five new independent and experienced directors, and amending the company's Articles of Association to improve governance.

Murchinson argues that Nano Dimension has disregarded the will of shareholders and taken steps to entrench itself, such as filing lawsuits against Murchinson and pursuing an irrational campaign to acquire Stratasys Ltd. In response, Murchinson believes that replacing the entire Board is necessary to reverse the current state of governance and value destruction.

The director candidates proposed by Murchinson bring a wealth of expertise and experience in various industries. Karen Sarid, with her background in marketing, finance, and governance, has served as a director at Brainsway Ltd. Robert (Bob) Pons, a turnaround specialist, has a track record of creating shareholder value in high-growth companies. Phillip Borenstein has experience in private equity, M&A, and financial analysis. Timor Arbel-Sadras has a strong background in driving operational and strategic decisions in the high-tech sector. Ofir Baharav, with a focus on M&A and operational improvements, has a long career in the technology and 3D printing sector.

Murchinson emphasizes the urgency of installing independent directors with relevant expertise to protect shareholders' interests. The firm is committed to making this change a reality, despite any further attempts by Nano Dimension to entrench itself.

About Murchinson

Founded in 2012, Murchinson is an alternative asset management firm based in Toronto, Canada. The firm serves institutional investors, family offices, and qualified clients, utilizing a multi-strategy approach to capture opportunities across global markets. Murchinson's expertise lies in corporate action, distressed investing, private equity, and structured finance.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking information, which refers to disclosure about future conditions, actions, and events. The statements made in this press release are forward-looking and involve certain risks and uncertainties. Murchinson undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities legislation.

Disclaimer

The information provided in this press release is for informational purposes only and does not constitute investment advice. The views expressed herein are the opinions of Murchinson and may change at any time. The information is not tailored to specific investment objectives or financial situations and should not be relied upon in making investment decisions.

In conclusion, Murchinson is taking action to replace the Board of Directors of Nano Dimension at the upcoming Annual General Meeting. The proposed changes are aimed at improving corporate governance and ultimately enhancing shareholder value.