DMC Global Announces Proposed Public Offering of Common Stock
May 03 2021 - 4:03PM
DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced that
it intends to offer and sell 2,500,000 shares of its common stock
in an underwritten public offering. In connection with the
offering, DMC Global expects to grant the underwriters a 30-day
option to purchase additional shares of common stock, equal to up
to 15% of the number of shares of common stock sold in the
offering. The offering is subject to market conditions, and there
can be no assurance as to whether or when the offering may be
completed or the actual size or terms of the offering. All of the
shares of common stock in the offering are to be sold by DMC
Global.
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 will
act 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 prospectus supplement and the accompanying
prospectus relating to the common stock being offered will be filed
with the SEC on May 3, 2021 and will be available on the SEC’s
website at http://www.sec.gov. Copies of the prospectus supplement
(when available) and 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.
Any offer will be made only by means of the prospectus supplement
and accompanying prospectus forming a part of the effective
registration statement.
About DMC GlobalDMC 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 may contain “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 proposed offering, 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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