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Why Nano Dimension Stock Popped Today

TheMotleyFool

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Shares of Nano Dimension (NASDAQ: NNDM) rose today after the company announced that it had entered a definitive agreement to acquire DeepCube, a machine-learning and deep-learning technology company.

Nano Dimension's stock rose by as much as 17.3% this morning and had gained 7.5% at the end of the trading day.

Nano Dimensions said in a press release that it will pay DeepCube shareholders approximately $40 million in cash and $30 million in its American depositary shares. The company said that the closing of the acquisition is expected in the next few days.

Source Fool.com

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