Ofir Baharav has served on the Board of Directors at Nano Dimension since 2015, while also working as a partner and executive at Stratus Venture Group. Prior to his work with Nano Dimension and Stratus, Baharav spent seven years as the CEO of XJet as the company worked to commercialise its NanoParticle Jetting technology and later 18 months as the VP of Products at Stratasys. At XJet, he helped raise over $60m in capital, and at Stratasys he was responsible for an R&D budget of around $120m and worked closely with customers like Intel and Toshiba. Earlier in his career, he led the growth of Optonics Inc as its President, overseeing the company’s expansion to 120 employees from four and generating over $100m in sales within five years.
As Baharav takes up a more hands-on role at Nano Dimension, he and his colleagues are hoping for similar impacts in the coming years.
“On behalf of the company, I thank Avi for his service and support as Nano Dimension was built into a global leader in additively manufactured electronics,” commented Dror. “Avi worked with us since April 2017 as we transformed and grew the company. We wish him the best success in his endeavours.”
“I am deeply grateful for the time I got to serve as Chairman of the Board of Nano Dimension through a period of innovation, product commercialisation and global expansion,” added Reichental. “I am pleased with the significant progress, which has been made to position the company for growth, and particularly with the strengthened leadership of the company. I have full confidence in Yoav, Ofir, Amit and the rest of the Nano Dimension team and I remain excited about the future of the company.”
Maybe he can warm up the AIQ & Rurelec / Plaza Board too.
Outstandingly slow process , this IPO business .
Hevron & Baharav points deducted for tardiness .
bbr391
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The IPO market has been frozen for most of 2022, and it shows no signs of reopening.
They don’t have much explaining to do. After banner years in 2020 and 2021, including a record-setting level of activity last year, investors have shown no appetite for new issues amid this year’s market plunge. The tech-heavy Nasdaq Composite has dropped 28% so far in 2022, underperforming the S&P 500, which is off by 20%.
The picture is much bleaker for companies to hit the market of late, particularly those in and around the tech sector. The Renaissance IPO ETF, which says it tracks the “largest, most liquid, newly listed U.S. IPOs,” has plummeted 46%.
According to Ernst & Young, global IPO volume sank 54% in the second quarter from a year earlier, while proceeds in offerings plunged by 65%.
Justworks, based in New York, was looking to go public after revenue in the 12 months that ended May 2021 climbed 32%, to almost $983 million. The company even recorded a net profit, which is rare for pre-IPO software companies.
But one look at what’s happening to Justworks’ competitors and it’s clear why it would chose to steer clear of an IPO at this point. Paycom is down 26% this year; Paylocity by 24%; and Paychex is off 15%.
Fresh Market, which has 159 stores in 22 states and also sells a wide assortment of meal kits, generated $1.4 billion in revenue through the first three quarters of 2021, up 3.5% from the prior year. The company’s rivals include traditional supermarkets like Albertsons and Kroger, specialty grocers such as Sprouts Farmers Market and Trader Joe’s as well as big-box stores like Walmart and Target.
In May, Fresh Market said it was selling 67% of the company to Cencosud, a South American retailer, for $676 million. The rest will be owned by existing shareholders, including Apollo Funds, which took the company private in 2016.
- Payroll software vendor Justworks and food retailer Fresh Market withdrew their IPO filings on Wednesday.
- The IPO market has been largely frozen in 2022 as investors flee risk.
- In the second quarter, the global IPO market slowed by 65% from a year earlier in terms of capital raised, according to Ernst & Young.
Murchinson Takes Action to Replace Board of Directors of Nano Dimension at Upcoming Annual General Meeting
Ofir Baharav has a more than two-decade career as a seasoned senior executive and public company director in the technology and 3D printing sector with a focus on M&A, operational improvements, corporate governance and enhancing shareholder value.
- Previously served as Chairman of the Nano Dimension Board from 2019 to 2021, and as a director at the Company from 2015 to 2021.
- Currently serves as Chief Executive Officer of Maxify Solutions, Inc., since 2022, which he formed to acquire the assets of Breezer Holdings LLC and SimiGon Inc. after serving as SimiGon’s CEO since 2016.
- Served in various executive roles in the 3D printing and semiconductor sector, and was the founder of RelayHealth Corporation, a healthcare company that was acquired by McKesson Corp. (NYSE: MCK).
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