Nano Dimension has agreed to terminate the lease for its corporate headquarters in Waltham, Massachusetts, effective December 31, 2026. The lease, originally entered into by MarkForged in 2021 and set to run through 2031, will be ended early as part of ongoing cost-cutting efforts. The company expects to eliminate roughly $38 million in cumulative future lease costs through 2031, and after a termination payment of about $13 million, it anticipates net cash savings of approximately $25 million. This move follows the previously disclosed sale of MarkForged, which was projected to reduce annualized cash burn by around $15 million, including $7.5 million in annual lease-related savings.
Nano Dimension LtdTerminating headquarters lease saves $25 million net cash, reducing cash burn.
The lease termination is part of cost-cutting after MarkForged was sold, indicating ongoing financial strain.