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Washington, D.C. 20549






Date of Report (Date of Earliest Event Reported): May 7, 2021 (May 4, 2021)



(Exact Name of Registrant as Specified in its Charter)


Delaware   001-14775   84-0608431

(State or Other Jurisdiction of


  (Commission File Number)   (I.R.S. Employer Identification No.)


11800 Ridge Parkway, Suite 300, Broomfield, Colorado 80021

(Address of Principal Executive Offices, Including Zip Code)


(303) 665-5700

(Registrant’s Telephone Number, Including Area Code)


Title of each class   Trading Symbol   Name of exchange on which
Common Stock, $0.05 Par Value   BOOM   The Nasdaq Global Select Market


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company  ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨







Item 1.01 Entry into a Material Definitive Agreement.


On May 4, 2021, DMC Global Inc., a Delaware corporation (the “Company”), in connection with a registered public offering of its common stock (the “Offering”), entered into an underwriting agreement (the “Underwriting Agreement”) with KeyBanc Capital Markets Inc., as representative of the underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to sell 2,500,000 shares of its common stock to the Underwriters. In addition, pursuant to the Underwriting Agreement, the Underwriters were granted an option, exercisable within 30 days, to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any, on the same terms and conditions. The option was exercised in full on May 5, 2021. Net proceeds from the offering, including the additional shares, were approximately $123.5 million after deducting estimated fees and expenses. The Underwriting Agreement contains customary representations, warranties and agreements by the Company and customary conditions to closing, obligations of the parties and termination provisions. Additionally, the Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute to payments the Underwriters may be required to make due to any such liabilities. The Offering was completed on May 7, 2021.


The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference. The legal opinion of Davis Graham & Stubbs LLP relating to the legality of the shares of common stock sold in the Offering is filed as Exhibit 5.1 to this Current Report on Form 8-K.


The representations, warranties and covenants contained in the Underwriting Agreement were made solely for purposes of the agreement and as of specific dates, were solely for the benefit of the parties to the agreement, may be subject to limitations agreed upon by the contracting parties, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to security holders. Security holders are not third-party beneficiaries under the agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the agreement, which subsequent information may or may not be fully reflected in the Company’s public disclosures.


Item 9.01 Financial Statements and Exhibits


1.1   Underwriting Agreement, by and between DMC Global Inc. and KeyBanc Capital Markets Inc., dated as of May 4, 2020
5.1   Opinion of Davis Graham & Stubbs LLP
23.1   Consent of Davis Graham & Stubbs LLP (included in Exhibit 5.1)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).







Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: May 7, 2021 By: /s/ Michael Kuta
    Michael Kuta
    Chief Financial Officer