Nano Dimension to Buy Deep Learning Company DeepCube

Nano Dimension (ticker: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). On April 23, 2021, Nano Dimension disclosed it acquired DeepCube Ltd., a company engaged in Machine Learning/Deep Learning (ML/DL) technology. Nano Dimension paid the shareholders of DeepCube approximately US$ 40 million in cash and US$ 30 million in American Depositary Shares (ADSs) of Nano Dimension, which are subject to stand still for various periods of up to 3 years after closing of this transaction.