3D Systems Announces Exercise of Over-Allotment Option in Public Offering of Common Stock
May 10 2013 - 4:10PM
3D Systems Corporation (NYSE:DDD) announced today that the
underwriters for its recently announced public offering have
exercised their over-allotment option to purchase an additional
1,125,000 shares of 3D Systems Corporation common stock. Of these
shares included in the over-allotment option, 927,651 shares are
being sold by the company and 197,349 shares are being sold by
certain selling stockholders, including certain officers and
directors and their affiliates. As a result, the company will
issue a total of 7,112,000 shares in the offering and expects to
receive net proceeds, after deducting the underwriting discount and
estimated offering expenses payable by the company, of
approximately $272.1 million. The company will not receive any
proceeds from the sale of shares by the selling
stockholders. The offering is expected to close on May 15,
2013, subject to satisfaction of customary closing
conditions.
Needham & Company, LLC is acting as the sole bookrunning
manager of the offering. Canaccord Genuity Inc. and Piper
Jaffray & Co. are acting as co-lead managers.
3D Systems intends to use the net proceeds from the offering to
finance future acquisitions of other entities or their assets and
for working capital and general corporate purposes. The shares
described above were offered by 3D Systems pursuant to an effective
registration statement previously filed with the Securities and
Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Copies of the
prospectus supplement and accompanying base prospectus relating to
this offering may be obtained from Needham & Company, LLC, 445
Park Avenue, New York, NY 10022, (800) 903-3268 or by emailing
prospectus@needham.com.
Forward-Looking Statements
Certain statements made in this release that are not statements
of historical or current facts are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to be
materially different from historical results or from any future
results or projections expressed or implied by such forward-looking
statements. In addition to statements that explicitly
describe such risks and uncertainties, readers are urged to
consider statements in the conditional or future tenses or that
include terms such as "believes," "belief," "expects," "estimates,"
"intends," "anticipates" or "plans" to be uncertain and
forward-looking. Forward-looking statements may include
comments as to the company's beliefs and expectations as to future
events and trends affecting its business and are necessarily
subject to uncertainties, many of which are outside the control of
the company. The factors described under the headings
"Forward-Looking Statements," "Cautionary Statements and Risk
Factors," and "Risk Factors" in the company's periodic filings with
the Securities and Exchange Commission, as well as other factors,
could cause actual results to differ materially from those
reflected or predicted in forward-looking statements.
About 3D Systems
3D Systems is a leading global provider of 3D content-to-print
solutions including 3D printers, print materials and on-demand
custom parts services for professionals and consumers alike. The
company also provides CAD modeling, reverse engineering and
inspection software tools and consumer 3D printers, apps and
services. Its expertly integrated solutions replace and complement
traditional methods and reduce the time and cost of designing and
manufacturing new products. 3D Systems products and services are
used to rapidly design, communicate, prototype or produce real
functional parts, empowering customers to create and make with
confidence.
CONTACT: Investor Contact:
Stacey Witten
803-326-4010
Email: Stacey.Witten@3dsystems.com
Media Contact:
Cathy Lewis
781-852-5007
Email: Cathy.Lewis@3dsystems.com
3D Systems (NYSE:DDD)
Historical Stock Chart
From Mar 2025 to Apr 2025
3D Systems (NYSE:DDD)
Historical Stock Chart
From Apr 2024 to Apr 2025