Nano Dimension stock slides 12% premarket after company sells shares at a discount

Shares of Nano Dimension Ltd.
NNDM,
+0.46%,
an Israel-based 3D printing company, tumbled 12% in premarket trade Monday, after the company priced a share offering at a discount. Nano Dimension said it sold 33.3 million ADS at $7.50 per ADS in a registered direct offering, below its closing price Friday of $8.81. Proceeds will be used for working capital and general corporate purposes, including potential deals. The stock has gained 248% in 2020 to date, while the S&P 500
SPX,
+0.35%
has gained 16%.