Nano Dimension Ltd that goes with the stock name ‘NASDAQ: NNDM’ at https://www.webull.com/quote/nasdaq-nndm is an Israel based additive electronics provider that is very active in the technology sector. With its 3D printing technology for printed electronics, the Company has become very famous and it targets the growing demand for electronic devices that require high and developed features that totally rely on encapsulated sensors, antennas, and printed circuit boards.
The Company’s PCB Jet printer system is an inkjet deposition tool for printing multi-layer circuit boards at home or office. It uses the hardware, software, print head, and NANO technology for researching and developments, to make prototypes and manufacturing projects. NNDM also targets a wide range of industry sectors, which include not only consumer electronics, medical devices but also the Internet of Things.
NNDMannounced on 16th June 2020, that following the approval of its shareholders on April 16, 2020, its Board of Directors has approved a 1-for-50 reverse split of the Company’s share capital. The implementation of the reverse split will not only result in the reduction of the number of authorized shares from 2,500,000,000 to 50,000,000 ordinary shares with respect to the exchange ratio, and also with the proportionate reduction and also in the increase of the per value and the per ordinary share from NIS 0.10 to NIS 5.00.
Along with the reverse split, the Company will also try to effect a corresponding change in the ratio of ordinary shares to each of the Company’s American Depositary Shares (CAD’s), so that its ratio to ordinary shares will change from one ad representing fifty ordinary shares to a new ratio of one ad which will finally represent one ordinary share.
Since the ADS to ordinary shares ratio is being reduced on the good proportions is as the reverse share split there will be no overall effect on the ADS share price and no action will be required by ADS. The first date when NNDM’s ADSs will begin trading on the Nasdaq Capital Market after the implementation of the reverse split and concurrent ratio change has been done on June 29, 2020.
All these options and warrants of the NNDM are outstanding immediately even prior to the reverse split and the experts say they will be appropriately adjusted by dividing the number of ordinary shares into which the options and warrants are again exercised by 50 and again multiplying the exercise price by 50. The reverse split has been said to not have any kind of impact on any shareholder’s percentage ownership of the Company or voting power. You can learn more information such as how to start trading stocks if you are new for stock trading. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.