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WALTHAM, Mass. - Nano Dimension Ltd. (NASDAQ:NNDM), a digital manufacturing company with a market capitalization of $311 million, announced Tuesday that its Board of Directors has initiated a process to explore strategic alternatives aimed at maximizing shareholder value. The announcement comes as the stock trades near $1.44, having declined 42% year-to-date.
The digital manufacturing solutions company has engaged Guggenheim Partners and Houlihan Lokey as its exclusive financial advisors to assist with the strategic review.
In a concurrent leadership change, the company has removed Ofir Baharav from his position and appointed David S. Stehlin as Chief Executive Officer. Stehlin, who joined Nano Dimension’s Board in February 2025, brings over 40 years of technology leadership experience.
"I am honored to lead Nano Dimension at this critical moment and provide a clear direction for our future," said Stehlin. "It is my priority to ensure transparency and build trust with our customers, investors and employees."
Robert Pons, Chairman of the Board, expressed confidence in Stehlin’s leadership, citing his "proven track record of value creation and deep and broad technology industry expertise."
Stehlin’s background includes serving as CEO for both public and private companies, with experience in developing strategies and executing M&A initiatives. He holds a Bachelor of Science degree from the U.S. Naval Academy and an M.B.A. from National University. Prior to his business career, Stehlin served as a Captain in the U.S. Marine Corps.
Nano Dimension, which delivers digital manufacturing technologies to defense, aerospace, automotive, electronics, and medical device industries, has not disclosed a timeline for completion of its strategic review process.
The announcement was made in a company press release statement.
In other recent news, Nano Dimension Ltd reported its Q1 2025 earnings, highlighting an 8% increase in revenue compared to the previous year, reaching $14.4 million. The company experienced a reduction in its adjusted gross margin; however, its strategic focus on cost control resulted in a notable decrease in operating expenses. These financial results are part of the company’s recent developments. The earnings report did not mention any changes in stock analyst ratings, such as upgrades or downgrades, from firms typically providing such insights. Additionally, there were no announcements of mergers or acquisitions involving Nano Dimension. The company continues to implement strategies aimed at financial efficiency, as reflected in its latest earnings performance.
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