Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
1. Desktop Metal, a Nano Dimension subsidiary, filed for Chapter 11 bankruptcy. 2. The bankruptcy follows significant liabilities and liquidity issues from past management. 3. CEO Ofir Baharav emphasized Nano's strong financial position amidst the bankruptcy. 4. Nano Dimension operates in high-demand industries like defense and aerospace. 5. Company aims to leverage its position for strategic opportunities post-bankruptcy.