Nano Dimension Said Murchinson Paid Its Director Nominees $50,000 Each In Cash For Agreeing To Stand For Election To Nano's Board And They Cannot Be Considered Independent
Portfolio Pulse from Charles Gross
Nano Dimension Ltd. (NNDM) has highlighted that Murchinson Ltd. paid its director nominees $50,000 each, a total of $250,000, for agreeing to stand for election to Nano's Board of Directors. This payment makes the nominees beholden to Murchinson and they cannot be considered independent.
August 09, 2023 | 9:04 am
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The payment by Murchinson to director nominees could raise governance concerns for Nano Dimension.
The payment by Murchinson to director nominees for agreeing to stand for election to Nano's Board could raise governance concerns. This could potentially impact investor confidence and the company's reputation, leading to a negative impact on the stock price in the short term.
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