2023-03-20 16:43:32 ET
Nano Dimension ( NASDAQ: NNDM ) rose 2.7% in after hours trading after investor Murchinson said that it received "overwhelming support" for the removal of three directors and chairman at a vote on Monday.
About 92% of votes cast at a special meeting supported the removal of Chairman and CEO Yoav Stern and three other directors and the appointment of Murchinson's two nominees, according to a statement. Murchinson said it asks Nano Dimension ( NNDM ) to withdraw it lawsuit and "promptly" enact the board changes shareholders support.
“The numbers speak for themselves: shareholders have sent a clear message that change is urgently needed at Nano Dimension," Murchinson said in the statement.
The voting results came after the major proxy services earlier this month said holders should vote to support all of dissident holder Murchinson's board nominees and for the removal of four directors, including chairman Stern.
Nano Dimension ( NNDM ) in a statement earlier this month that it "vehemently" oppposed the proxy firms' recommendations and said that there was no "valid meeting" on Monday.
The vote also comes after Nano Dimension ( NNDM ) disclosed earlier this month it made an unsolicited $18 a share offer for 3D printer company Stratasys ( SSYS ).
Murchinson is NNDM's largest holder with a 5.5% stake. Earlier this month NNDM holder Anson Funds, which disclosed it had a 5.1% stake a 13-D filing, urged the company to halt its planned offer for Stratasys ( SSYS ), specifically as NNDM is engaged in the proxy battle with Murchinson.
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Nano Dimension gains after holders vote for ouster of chairman, 3 directors