voxeljet AG (the "Company" or "voxeljet"), a leading provider of
high-speed, large-format 3D printers and on-demand parts services to
industrial and commercial customers, today announced the pricing of its
public offering of 3,000,000 American Depositary Shares ("ADSs") at a
public offering price of $15.00 per ADS. The offering is expected to
close on April 16, 2014, subject to the satisfaction of customary
closing conditions. Certain of the Company's shareholders have granted
the underwriters a 30-day option to purchase up to an additional 450,000
ADSs at the public offering price, less the underwriting discount, to
cover over-allotments, if any.
The net proceeds of the offering to the Company are estimated to be
approximately $41.4 million after deducting underwriting discounts and
commissions and estimated offering expenses. The Company intends to use
the net proceeds of the offering for research and development
initiatives, sales and marketing initiatives, potential further
expansion of its on-demand parts service center, the establishment of
new on-demand parts service centers in North America and Asia and for
general corporate purposes including, without limitation, potential
Piper Jaffray and Citigroup are acting as joint book-running managers.
Cowen and Company and Stephens Inc. are acting as co-managers. The
offering of these securities is being made only by means of a
prospectus, copies of which can be obtained from:
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on April 10, 2014.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the offered securities, 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.
voxeljet is a leading provider of high-speed, large-format 3D printers
and on-demand parts services to industrial and commercial customers. The
Company's 3D printers employ a powder binding, additive manufacturing
technology to produce parts using various material sets, which consist
of particulate materials and proprietary chemical binding agents. The
Company provides its 3D printers and on-demand parts services to
industrial and commercial customers serving the automotive, aerospace,
film and entertainment, art and architecture, engineering and consumer
product end markets.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements. Any statements
that are not of historical facts may be deemed to be forward-looking
statements. You can identify these forward-looking statements by words
such as ''believes,'' ''estimates,'' ''anticipates,'' ''expects,''
''plans,'' ''intends,'' ''may,'' ''could,'' ''might,'' ''will,''
''should,'' ''aims,'' or other similar expressions that convey
uncertainty of future events or outcomes. Forward-looking statements
include statements regarding our intentions, beliefs, assumptions,
projections, outlook, analyses or current expectations concerning, among
other things, our results of operations, financial condition, business
outlook, the industry in which we operate and the trends that may affect
the industry or us. Although we believe that we have a reasonable basis
for each forward-looking statement contained in this press release, we
caution you that forward-looking statements are not guarantees of future
performance. All of our forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that are in some
cases beyond our control and that may cause our actual results to differ
materially from our expectations, including those risks identified under
the caption "Risk Factors" in the Company's Registration Statement on
Form F-1 and in other reports the Company files with the U.S. Securities
and Exchange Commission. Except as required by law, the Company
undertakes no obligation to publicly update any forward-looking
statements for any reason after the date of this press release whether
as a result of new information, future events or otherwise.
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