Nano Dimension (ADR)

Nano Dimension appointed Nadav Kidron with immediate effect as an independent class II director; he meets NASDAQ independence criteria and will join the audit and compensation committees. Kidron will remain in office until the 2026 annual general meeting and will receive the standard compensation for non‑employee board members. The company also announced termination of its headquarters lease effective December 31, 2026, which is expected to eliminate about $38 million in rent costs through 2031, and completed the sale of subsidiary MarkForged to Stratasys for $42.5 million, which is expected to reduce annual cash burn by roughly $15 million. » More on de.investing.com

Nano Dimension is terminating the lease for its corporate headquarters effective December 31, 2026, voiding an agreement originally running until 2031 that was entered into by MarkForged in 2021. Total future rent savings are estimated at about $38 million; after a termination payment of roughly $13 million the company expects cumulative net cash savings of about $25 million through 2031. The move supplements earlier cost cuts after the sale of MarkForged, which had been expected to reduce annual cash burn by about $15 million (including roughly $7.5 million in rent savings). Nano Dimension is also described as financially robust with low debt and a current ratio of 9.01. » More on de.investing.com

Nano Dimension signed a non-binding term sheet to acquire Infinite Epigenetics, with the combined company expected to operate under the Infinite Epigenetics name and trade on Nasdaq under ticker IEAI. Existing Nano Dimension shareholders would retain a minority interest based on a valuation reflecting a 20% premium to Nano's estimated net cash at closing and receive contingent value rights tied to proceeds from disposition of Nano legacy assets. The parties anticipate the combined company to have over $400 million in cash at closing and included a 30-day exclusivity period to finalize due diligence and a definitive merger agreement. Matthew Dawson is expected to serve as CEO of the combined company; separately, Stratasys announced a definitive agreement to acquire MarkForged, a Nano Dimension subsidiary, in an all-cash deal. » More on finance.yahoo.com