Jul. 3 at 1:33 AM
$NNDM Has anyone seen or heard this yet this yet. Tang Capital is trying to buy all NNDM shares. Another angle.
Tang Capital Management (managed by Kevin Tang) disclosed a 6.8% stake in Nano Dimension NNDM and submitted a non-binding merger proposal to acquire the remaining shares for
$1.60 per share in cash. [1, 2, 3, 4]
The merger proposal has fueled recent trading activity for NNDM. The specific details of the transaction and Tang Capital's involvement include: [1]
Ownership Stake: Tang Capital acquired 14.29 million shares of NNDM through its affiliated partnerships, totaling approximately
$19.5 million to reach their 6.8% stake. [1]
The Offer: Kevin Tang proposed to merge Nano Dimension with an affiliate of Tang Capital for an immediate cash payment of
$1.60 per share. [1, 2]