Nano Dimension Relocates US Office, Appoints KPMG LLP as New Auditor
ByAinvest
Wednesday, Aug 27, 2025 2:21 pm ET1min read
NNDM--
The change in auditors comes after a thorough evaluation process and was approved by the audit committee of the board of directors. The audit reports of Somekh Chaikin on Nano Dimension's financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinions or disclaimers [1].
The transition to KPMG LLP as the new auditor is part of Nano Dimension's strategic operational shift. This move is likely aimed at enhancing financial oversight and compliance in the U.S. market. The appointment of a new auditor is a common practice for companies relocating their principal executive offices to the U.S., as it aligns with the country's regulatory requirements.
Nano Dimension's shift to GAAP accounting standards, which align with those used by most publicly traded companies in the U.S., has also been well-received by investors. This move has contributed to a positive market response, with the company's share price increasing by almost 3% on the news [2].
Despite the positive market reaction, it is essential for investors to consider the company's overall financial performance and the potential impact of the new accounting standards on its financial results. While the shift to GAAP has resulted in a slightly deeper net loss in 2024, the differences were not significant enough to warrant concern [2].
In conclusion, Nano Dimension's appointment of KPMG LLP as its new auditor and its adoption of GAAP accounting standards are strategic moves that reflect the company's commitment to enhancing its financial oversight and compliance in the U.S. market. These changes are likely to have a positive impact on the company's financial reporting and investor relations.
References:
[1] https://www.stocktitan.net/sec-filings/NNDM/6-k-nano-dimension-ltd-american-current-report-foreign-issuer-7c218d44e182.html
[2] https://finance.yahoo.com/news/why-nano-dimension-stock-triumphed-230644037.html
Nano Dimension has appointed KPMG LLP as its new auditor, effective August 19, 2025, following the relocation of its principal executive offices to the U.S. The change replaces Somekh Chaikin, a member firm of KPMG International, without any disagreements or reportable events in previous audits. This move reflects a strategic operational shift, potentially enhancing financial oversight and compliance in the U.S. market.
Nano Dimension Ltd. (NASDAQ: NNDM), an additive manufacturing specialist, has appointed KPMG LLP as its new auditor, effective August 19, 2025. This move follows the company's relocation of its principal executive offices to the United States. The appointment replaces Somekh Chaikin, a member firm of KPMG International, which had previously served as the company's auditor [1].The change in auditors comes after a thorough evaluation process and was approved by the audit committee of the board of directors. The audit reports of Somekh Chaikin on Nano Dimension's financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinions or disclaimers [1].
The transition to KPMG LLP as the new auditor is part of Nano Dimension's strategic operational shift. This move is likely aimed at enhancing financial oversight and compliance in the U.S. market. The appointment of a new auditor is a common practice for companies relocating their principal executive offices to the U.S., as it aligns with the country's regulatory requirements.
Nano Dimension's shift to GAAP accounting standards, which align with those used by most publicly traded companies in the U.S., has also been well-received by investors. This move has contributed to a positive market response, with the company's share price increasing by almost 3% on the news [2].
Despite the positive market reaction, it is essential for investors to consider the company's overall financial performance and the potential impact of the new accounting standards on its financial results. While the shift to GAAP has resulted in a slightly deeper net loss in 2024, the differences were not significant enough to warrant concern [2].
In conclusion, Nano Dimension's appointment of KPMG LLP as its new auditor and its adoption of GAAP accounting standards are strategic moves that reflect the company's commitment to enhancing its financial oversight and compliance in the U.S. market. These changes are likely to have a positive impact on the company's financial reporting and investor relations.
References:
[1] https://www.stocktitan.net/sec-filings/NNDM/6-k-nano-dimension-ltd-american-current-report-foreign-issuer-7c218d44e182.html
[2] https://finance.yahoo.com/news/why-nano-dimension-stock-triumphed-230644037.html
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet