Nano Dimension Shares Rise 7% After Buyback Approval
By Chris Wack Nano Dimension shares were up 7% to $2.66 after the company received approval from the Israeli Court for its request to implement its previously announced share repurchase plan. The buyback would allow the company to buy back up to $200 million worth of its American depositary shares during the next 12 months. The company may repurchase all or a portion of the authorized repurchase amount. The repurchase plan doesn't obligate the company to buy back any specific number of the ADSs, and may be suspended or terminated at any time at management's discretion. Nano Dimension originally said the would initiate the buyback in early August. Write to Chris Wack at chris.wack@wsj.com