01:28 PM EST, 11/21/2024 (MT Newswires) -- A Nano Dimension ( NNDM ) shareholder on Thursday said a court in Israel validated the results of a special meeting held in March 2023.

According to activist shareholder Murchinson, the District Court for the Central District in Israel validated the results of the March 2023 meeting in which Nano Dimension's ( NNDM ) shareholders supported Murchinson's proposals.

The proposals included removing four then-serving directors; making changes to the company's bylaws to allow shareholders to fill vacancies on Nano's board; and letting shareholders remove directors at any general meeting and via a simple majority. Murchinson had also proposed the election of Kenneth Traub and Joshua Rosensweig to the company's board.

According to Murchinson, the court's decision confirms that Traub and Rosensweig are full members of the company's board and that Yoav Stern, Yoav Nissan-Cohen, and Oded Gera - three of the four directors Murchinson was seeking to remove - were lawfully removed from the company's board.

Igal Rotem, the fourth director, had already resigned, Murchinson said. The activist shareholder, which said it held 7.1% of the company's outstanding shares, called on other investors to nominate its slate of nominees at the company's upcoming annual meeting on Dec. 6.

Nano Dimension ( NNDM ) did not immediately respond to a request for comment from MT Newswires.

Nano Dimension ( NNDM ) shares were up 2.4% in recent Thursday trading.

Price: 2.18, Change: +0.05, Percent Change: +2.35