Stern’s Onboarding of Vekselberg’s Funds

Nano Dimension Ltd is a public company incorporated in Israel, which is in the business of developing and manufacturing advanced 3D printing technologies for electronics. The company is traded in the Nasdaq as NNDM. Nano Dimension is led by Yoav Stern, who has served as the company’s CEO since 2020, and Chairman of the Board from 2021 to September of 2023.

DeepCube Ltd is a private company incorporated in Israel, which is in the business of developing and providing advanced artificial intelligence and machine learning solutions. The company was held by Anakhnu LLC., a company suspected of seemingly being used as an instrument to facilitate money transfers with the possible intent of circumventing U.S. sanctions restrictions. In April 2021, Nano Dimension Ltd. [Nasdaq: NNDM], led by Yoav Stern [Chairman of the Board and CEO], acquired DeepCube Ltd. for $70 million.1 This acquisition was paid for in with a mixture of cash and ADS shares of Nano Dimension Ltd.

The following report will present evidence gathered via open-source research demonstrating how Nano Dimension, at the behest of Yoav Stern, introduced potentially sanctioned funds into a sensitive and strategically important Americanlisted company. To do so, we will examine the long-standing relationship between Yoav Stern and the official representatives of Viktor Vekselberg’s American operations and outline the personal relationships and pattern of mutual business interests between Yoav Stern, Andrew Intrater, and Yaron Eitan, which ultimately led what appears to have been a premediated deal.

Andrew Intrater is cousins with Viktor Vekselberg. Intrater manages Vekselberg’s investments in America. Yaron Eitan is an Israeli businessman and former Board Member of Nano Dimension alongside and recruited by Yoav Stern. Yoav Stern personally knows, has worked side by side, and has had mutual business interests with both Yaron Eitan and Andrew Intrater, starting in the 1990’s.