Nano Dimension Ltd. (NASDAQ:NNDM) today issued the following letter to shareholders providing a business update and commenting on the Schedule 13D/A filing by Murchinson Ltd. and certain of its affiliates. The full text of the letter is below.

Dear Fellow Shareholders,

Nano Dimension Ltd. ("Nano" or the "Company") and its Board of Directors (the "Board") remain fully focused on executing the Company's previously announced strategic alternatives review process to maximize shareholder value and believe shareholders should understand the facts and implications surrounding the recent actions of Murchinson Ltd. and certain of its affiliates ("Murchinson").

Recently, Murchinson filed a Schedule 13D/A initiating yet another costly and distracting campaign to obtain effective control of Nano and its substantial cash and strategic assets without paying shareholders a control premium. Murchinson is seeking to replace three of the Company's five directors, including two directors originally nominated by Murchinson in its prior proxy contests as well as the Company's CEO, because those directors have chosen to fulfill their fiduciary duties to all shareholders, rather than advance Murchinson's self-serving agenda to take control of the Company's cash.

The Board is rejecting this latest attempt by Murchinson to seize control of the Company through disruption and pressure tactics.