Shareholder Murchinson Delivered Letter To Nano Dimension Board; Murchinson Informed Nano Dimension Board That It Determined To Convert A Portion Of Ads Into Ordinary Shares
Portfolio Pulse from Charles Gross
Shareholder Murchinson has informed Nano Dimension's board that it has decided to convert a portion of its American Depositary Shares (ADS) into ordinary shares.
July 20, 2023 | 9:01 pm
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Murchinson's decision to convert its ADS into ordinary shares could potentially dilute the value of Nano Dimension's stock in the short term.
When a shareholder converts ADS into ordinary shares, it increases the number of outstanding shares. This can dilute the value of the existing shares, potentially leading to a decrease in the stock price in the short term.
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