DMC Global Announces Pricing of Public Offering of Common Stock
May 04 2021 - 7:36PM
DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced the
pricing of its underwritten public offering of 2,500,000 shares of
common stock at a public offering price of $45.00 per share. DMC
Global has also granted the underwriters a 30-day option to
purchase up to 375,000 additional shares of common stock on the
same terms. The gross proceeds to DMC Global from this offering are
expected to be approximately $112.5 million, before deducting the
underwriting discounts and commissions and other estimated offering
expenses payable by DMC Global, and assuming no exercise of the
underwriters’ option to purchase additional shares of common stock.
The offering is expected to close on or about May 7, 2021, subject
to satisfaction of customary closing conditions. All of the shares
of common stock in the offering are to be sold by DMC Global.
DMC Global intends to use the net proceeds of
the offering for general corporate purposes, which may include
acquisitions.
KeyBanc Capital Markets is acting as the sole
book-running manager for the offering. Stephens Inc.; Stifel;
Tudor, Pickering, Holt & Co.; and Roth Capital Partners are
acting as co-managers for the offering.
The shares of common stock are being offered by
DMC Global pursuant to an automatic shelf registration statement on
Form S-3ASR filed with the Securities and Exchange Commission (the
“SEC”) on May 3, 2021. A preliminary prospectus supplement and the
accompanying prospectus relating to the common stock being offered
were filed with the SEC on May 3, 2021 and are available on the
SEC’s website at http://www.sec.gov. Copies of the final prospectus
supplement (when available) and the accompanying prospectus may be
obtained from KeyBanc Capital Markets Inc., Attention: Equity
Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or
by telephone at (800) 859-1783.
This announcement is neither an offer to sell,
nor a solicitation of an offer to buy, any of these securities and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale is
unlawful. Offers will be made only by means of the prospectus
supplement and accompanying prospectus forming a part of the
effective registration statement.
About DMC Global
DMC Global is a diversified holding
company. Today, DMC’s portfolio consists of DynaEnergetics
and NobelClad, which collectively address the energy, industrial
processing and transportation markets. Based in Broomfield,
Colorado, DMC trades on Nasdaq under the symbol “BOOM.”
Cautionary Note Regarding Forward-Looking
Statements
This release contains “forward-looking
statements” within the meaning of applicable securities laws
regarding events or conditions that may occur in the future,
including with respect to the closing of the offering and the use
of proceeds therefrom, and are based on current expectations that,
while considered reasonable by management at this time, inherently
involve a number of significant business, economic and competitive
risks, uncertainties and contingencies. Factors that could cause
actual results to differ materially from any forward-looking
statements include, but are not limited to, satisfaction of the
conditions to closing of the offering, the impact of general
business and economic conditions, and other factors described in
the public filings made by DMC Global at www.sec.gov. Readers
should not place undue reliance on forward-looking statements. The
forward-looking statements contained herein are based on the
beliefs, expectations and opinions of management as of the date
hereof and DMC Global disclaims any intent or obligation to update
them or revise them to reflect any change in circumstances or in
management’s beliefs, expectations or opinions that occur in the
future.
For further information, please contact
DMC Global Inc.11800 Ridge Parkway, Suite
300Broomfield, Colorado 80021Geoff High, Vice President of Investor
Relations303-604-3924
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