Tang Capital Lifts Nano Dimension Stake to 7.9% After $3.6M Buying Spree

summarizeSummary

Tang Capital Management, led by Kevin Tang, has spent $3.6 million to lift its Nano Dimension stake to 7.9%, buying shares steadily ahead of a critical July 31 shareholder vote.

check_boxKey Events · Ownership and Investor Activity · NNDM

• Stake Increased to 7.9%

  Tang Capital entities now beneficially own 16,715,812 ADSs, up from the stake reported in the initial June 30 13D, representing 7.9% of outstanding shares.

• $3.6M Spent on New Purchases

  Since June 30, the reporting persons acquired 2,422,999 shares in the open market for approximately $3.6 million, at prices between $1.195 and $1.53 per share.

• Persistent Buying Ahead of Proxy Vote

  Purchases occurred almost daily from June 17 through July 27, with the largest single-day buy of 4.5 million shares on June 22, just days before the July 31 extraordinary general meeting where shareholders will vote on board composition.

• Strategic Context: Proxy Battle

  The accumulation coincides with a high-stakes proxy contest initiated by activist Murchinson Ltd., which holds nearly 15% and seeks to replace a majority of the board. Tang's increased stake could sway the vote.

auto_awesomeAnalysis · NNDM · Manufacturing

Kevin Tang's Tang Capital Management has been aggressively accumulating Nano Dimension shares in the open market, deploying roughly $3.6 million to pick up an additional 2.4 million shares since its initial 13D filing on June 30. The buying has been relentless, with purchases on nearly every trading day from mid-June through late July at prices ranging from $1.20 to $1.53. The group's total stake now stands at 16.7 million shares, or 7.9% of the company. This accumulation unfolds amid a heated proxy battle with activist Murchinson and just days before a July 31 shareholder vote on board control, signaling Tang's conviction in the company's direction—or a strategic move to influence the outcome.