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3D Systems Corp Announces Exercise Of Over-Allotment Option In Public Offering Of Common Stock


Friday, 10 May 2013 04:10pm EDT 

3D Systems Corp announced 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. 

Company Quote

43.38
1.3 +3.09%
21 Oct 2014