Israeli three-dimensional printer manufacturer Nano Dimension has closed a $12 million financing round on Nasdaq.
Nano Dimension issued 16 million units at $0.75 per American depositary shares (ADSs).
The company set aside $7 million of the offering proceeds to strengthen its global sales and marketing effort, $2 million to boost its production capacity.
Additionally, Nano Dimension will use the rest of the proceeds for working capital and general business needs including licensing agreements.