Since then, Nano has gone to great lengths to ignore this clear desire for change and disenfranchise shareholders by:
Making it Nano’s position that ADR holders are not shareholders and therefore have no shareholder rights, essentially making the Board unaccountable to owners of the Company
Commencing litigation in two countries and in three different courts, with multiple subsequent appeals, in an attempt to vacate the results of the March 2023 Special Meeting
Adopting and renewing a “poison pill" in defiance of the express instructions of shareholders, who voted against it at the 2020 annual meeting
Running a smear campaign against its two biggest shareholders to deflect attention away from shareholders’ concerns about Nano’s malfeasance and troubling status quo
Filing a dilutive registration statement to issue nearly 52 million new shares (21.3% of the shares outstanding at the time)in what we believe is a thinly veiled and reactive attempt to place as many shares as possible in Stern-friendly hands
Waging an irrational, dead-end campaign to acquire Stratasys Ltd that has lost shareholders over $100 million (so far)
Announcing and then cancelling a special meeting, using the war in Gaza as an excuse, when, in our view, the real reason for cancelling was to prevent shareholders from voting on important governance matters
Engineering the appearance of a board refreshment by appointing self-selected directors who are loyal to Mr. Stern
Submitting a compensation proposal for the 2024 Annual Meeting that would, if approved, entitle Mr. Stern to many millions of dollars if shareholders vote him off the Board
The Board has demonstrated that it is unable to improve the Company’s valuation, incapable of holding management accountable and lacks the necessary judgment to use Nano’s cash and other resources responsibly.
Negative total shareholder returns
Persistent negative enterprise value
Value-destructive capital allocation decisions
Worst-in-class corporate governance
Lack of accountability for management
As one of Nano Dimension’s largest shareholders, we have serious concerns about the leadership of CEO Yoav Stern. We fear that Mr. Stern will persuade his allies on the Board of Directors (the “Board”) to approve other extreme measures to further entrench himself and maintain the Stern-controlled Board at the expense of shareholders.
If you share our concerns, or have information about the following, we want to hear from you.
To submit information anonymously about Yoav Stern and his value-destructive board, use the form below.
By pressing the 'Submit' button below, you agree not to disclose any material non-public information concerning Nano Dimension or otherwise to the Proposing Shareholders (whether in your submission or otherwise) without the Proposing Shareholders prior written consent, and that the Proposing Shareholders are under no duty of confidentiality or otherwise with respect to any such information.
Last modified: November 3
Murchinson Ltd. (“Murchinson”) and certain funds it advises and/or sub-advises, including Nomis Bay Ltd and BPY Limited (collectively, the “Proposing Shareholders,” “we,” “us” or “our”), respect your privacy and are committed to protecting it by complying with this policy.
This policy describes:
We will only use your personal information in accordance with this policy unless otherwise required by applicable law. We take steps to ensure that the personal information that we collect about you is adequate, relevant, not excessive, and used for limited purposes.
Privacy laws in Canada generally define “personal information” as any information about an identifiable individual, which includes information that can be used on its own or with other information to identify, contact, or locate a single person.
This policy applies to information we collect, use, or disclose about you:
The Website may include links to third-party websites, plug-ins, services, social networks, or applications. Clicking on those links or enabling those connections may allow the third party to collect or share data about you. If you follow a link to a third-party website or engage a third-party plugin, please note that these third parties have their own privacy policies and we do not accept any responsibility or liability for these policies. We do not control these third-party websites, and we encourage you to read the privacy policy of every website you visit.
Please read this policy carefully to understand our policies and practices for collecting, processing, and storing your information. If you do not agree with our policies and practices, your choice is not to use our Website. By accessing or using this Website, you indicate that you understand, accept, and consent to the practices described in this policy. This policy may change from time to time (see Changes to Our Privacy Policy). Your continued use of this Website after we make changes indicates that you accept and consent to those changes, so please check the policy periodically for updates.
1. INFORMATION WE COLLECT ABOUT YOU
We collect and use several types of information from and about you, including:
2. HOW WE COLLECT INFORMATION ABOUT YOU
We use different methods to collect your information, including through:
Information You Provide to Us
The information we collect directly from you on or through our Website may include:
Information We Collect Through Cookies and Other Automatic Data Collection Technologies
As you navigate through and interact with our Website, we may use cookies or other automatic data collection technologies to collect certain information about your equipment, browsing actions, and patterns, including:
The information we collect automatically is statistical information and may include personal information and we may maintain it or associate it with personal information we collect in other ways, that you provide to us. This helps us to improve our Website and to deliver a better and more personalized service, including by enabling us to:
The technologies we use for this automatic data collection may include:
Third Party Use of Cookies [and Other Tracking Technologies
Some content or applications on the Website, including advertisements, are served by third-parties, including advertisers, ad networks and servers, content providers, and application providers. These third parties may use cookies alone or in conjunction with web beacons or other tracking technologies to collect information about you when you use our Website. The information they collect may be associated with your personal information or they may collect information, including personal information, about your online activities over time and across different websites and other online services. They may use this information to provide you with interest-based (behavioural) advertising or other targeted content.
You can opt-out of several third party ad servers' and networks' cookies simultaneously by using an opt-out tool created by the Digital Advertising Alliance of Canada or an opt-out tool created by the Network Advertising Initiative. You can also access these websites to learn more about online behavioural advertising and how to stop websites from placing cookies on your device. Opting out of a network does not mean you will no longer receive online advertising. It does mean that the network from which you opted out will no longer deliver ads tailored to your web preferences and usage patterns.
We do not control these third parties' tracking technologies or how they are used. If you have any questions about an advertisement or other targeted content, you should contact the responsible provider directly. For more information about how you can opt out of receiving targeted advertising from many providers, see Choices About How We Use and Disclose Your Information.
3. HOW WE USE YOUR INFORMATION
We use information that we collect about you or that you provide to us, including any personal information:
We may use the information we have collected from you to enable us to display advertisements to our advertisers' target audiences. Even though we do not disclose your personal information for these purposes without your consent, if you click on or otherwise interact with an advertisement, the advertiser may assume that you meet its target criteria.
4. DISCLOSURE OF YOUR INFORMATION
We may disclose aggregated information about our users, and other information that does not identify any individual, without restriction.
We may disclose personal information that we collect or you provide as described in this privacy policy:
We may also disclose your personal information:
5. TRANSFERRING YOUR PERSONAL INFORMATION
We may transfer personal information that we collect or that you provide as described in this policy to contractors, service providers, and other third parties we use to support the solicitation of proxies from the Company’s shareholders (such as analytics and search engine providers that assist us with Website improvement and optimization) and who are contractually obligated to keep personal information confidential. The use of your information is for the purposes for which we disclose it to them, and to process the personal information with the same standards set out in this policy.
We may process, store, and transfer your personal information in and to a foreign country, with different privacy laws that may or may not be as comprehensive as Canadian law. In these circumstances, the governments, courts, law enforcement, or regulatory agencies of that country may be able to obtain access to your personal information through the laws of the foreign country. Whenever we engage a service provider, we require that its privacy and security standards adhere to this policy and applicable Canadian privacy legislation.
You are welcome to contact us to obtain further information about Company policies regarding service providers outside of Canada. See Contact Information and Challenging Compliance.
By submitting your personal information or engaging with the Website, you consent to this transfer, storage, or processing.
6. CHOICES ABOUT HOW WE USE AND DISCLOSE YOUR INFORMATION
The Proposing Shareholders strive to provide you with choices regarding the personal information you provide to us. We have created mechanisms to provide you with the following control over your information:
Tracking Technologies and Advertising. You can set your browser to refuse all or some browser cookies, or to alert you when cookies are being sent. To learn how you can manage your Flash cookie settings, visit the Flash player settings page on Adobe's website. If you disable or refuse cookies, please note that some parts of this Website may not be accessible or may not function properly. For more information about tracking technologies, see Information We Collect Through Cookies and Other Automatic Data Collection Technologies.
Promotional Offers from the Company. If you have opted in to receive certain emails from us but no longer wish to have your email address used by the Company obtain updates, you can opt-out by sending us an email stating your request to murchinson@longacresquare.com. If we have sent you a promotional email, you may unsubscribe by clicking the unsubscribe link we have included in the email.
Targeted Advertising. If you do not want us to use information that we collect or that you provide to us to deliver advertisements according to our advertisers' target-audience preferences, you can opt out by contacting murchinson@longacresquare.com.
The Proposing Shareholders do not control third parties' collection or use of your information to serve interest-based advertising. However, these third parties may provide you with ways to choose not to have your information collected or used in this way. You can opt out of several third party ad servers' and networks' cookies simultaneously by using an opt-out tool created by the Digital Advertising Alliance of Canada and or an opt-out tool created by the Network Advertising Initiative. You can also access these websites to learn more about online behavioural advertising and how to stop websites from placing cookies on your device. Opting out of a network does not mean you will no longer receive online advertising. It does mean that the network from which you opted out will no longer deliver ads tailored to your web preferences and usage patterns.
7. DATA SECURITY
The security of your personal information is very important to us. We use physical, electronic, and administrative measures designed to secure your personal information from accidental loss and from unauthorized access, use, alteration, and disclosure.
Unfortunately, the transmission of information via the Internet is not completely secure. Although we do our best to protect your personal information, we cannot guarantee the security of your personal information transmitted to our Website. Any transmission of personal information is at your own risk. We are not responsible for circumvention of any privacy settings or security measures contained on the Website.
8. DATA RETENTION
Except as otherwise permitted or required by applicable law or regulation, the Proposing Shareholders will only retain your personal information for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements. Under some circumstances we may anonymize your personal information so that it can no longer be associated with you. We reserve the right to use such anonymous and de-identified data for any legitimate commercial purpose without further notice to you or your consent.
9. CHILDREN UNDER THE AGE OF 13
Our Website is not intended for children under 13 years of age. No one under age 13 may provide any personal information to or on the Website. We do not knowingly collect personal information from children under 13. If you are under 13, do not use or provide any information on this Website or on or through any of its features/register on the Website, make any purchases through the Website, use any of the interactive or public comment features of this Website, or provide any information about yourself to us, including your name, address, telephone number, email address, or any screen name or user name you may use. If we learn we have collected or received personal information from a child under 13 without verification of parental consent, we will delete that information. If you believe we might have any information from or about a child under 13, please contact us at murchinson@longacresquare.com.
10. ACCESSING AND CORRECTING YOUR PERSONAL INFORMATION
It is important that the personal information we hold about you is accurate and current. Please keep us informed if your personal information changes. By law you have the right to request access to and to correct the personal information that we hold about you.
If you want to review, verify, correct, or withdraw consent to the use of your personal information you may also send us an email at murchinson@longacresquare.com to request access to, correct, or delete any personal information that you have provided to us. We cannot delete your personal information except by removing your email address from our mailing list.
We may request specific information from you to help us confirm your identity and your right to access, and to provide you with the personal information that we hold about you or make your requested changes. Applicable law may allow or require us to refuse to provide you with access to some or all of the personal information that we hold about you, or we may have destroyed, erased, or made your personal information anonymous in accordance with our record retention obligations and practices. If we cannot provide you with access to your personal information, we will inform you of the reasons why, subject to any legal or regulatory restrictions.
We will provide access to your personal information, subject to exceptions set out in applicable privacy legislation. Examples of such exceptions include:
If you are concerned about our response or would like to correct the information provided, you may contact murchinson@longacresquare.com.
11. WITHDRAWING YOUR CONSENT
Where you have provided your consent to the collection, use, and transfer of your personal information, you may have the legal right to withdraw your consent under certain circumstances. To withdraw your consent, if applicable, contact us at murchinson@longacresquare.com. Please note that if you withdraw your consent we may not be able to provide you with certain information or a particular service. We will explain the impact to you at the time to help you with your decision.
12. CHANGES TO OUR PRIVACY POLICY
It is our policy to post any changes we make to our privacy policy on this page with a notice that the privacy policy has been updated on the Website home page. If we make material changes to how we treat our users' personal information, we will notify you by email address specified in your account and/or through a notice on the Website home page.
We include the date the privacy policy was last revised at the top of the page. You are responsible for ensuring we have an up-to-date, active, and deliverable email address for you, and for periodically visiting our Website and this privacy policy to check for any changes.
13. CONTACT INFORMATION AND CHALLENGING COMPLIANCE
The Proposing Shareholders welcome your questions, comments, and requests regarding this privacy policy and our privacy practices.
Please contact us at: murchinson@longacresquare.com
We have procedures in place to receive and respond to complaints or inquiries about our handling of personal information, our compliance with this policy, and with applicable privacy laws. To discuss our compliance with this policy please contact our team using the contact information listed above.