Loading...
Loading...
3D Systems Corporation
DDD announced today that the underwriters for its recently announced public offering have exercised their over-allotment option to purchase an additional 451,000 shares of 3D Systems Corporation common stock. As a result, the company will issue a total of 4,151,000 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 $106.8 million. The offering is expected to close on June 19, 2012, subject to satisfaction of customary closing conditions.
Needham & Company, LLC acted as the sole book-running manager of the offering. Canaccord Genuity Inc. acted as co-lead manager, and Maxim Group LLC and Axiom Capital Management, Inc. acted as co-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. The shares described above are being offered by 3D Systems pursuant to an effective registration statement previously filed with the Securities and Exchange Commission.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in