Stratasys Ltd. SSYS, a manufacturer of 3D printers and materials
for personal use, prototyping and production, today announced that it
intends to offer 4,000,000 of its ordinary shares in an underwritten public
offering. Stratasys also expects to grant the underwriters a 30-day option
to purchase up to an additional 600,000 of its ordinary shares to cover
over-allotments, if any. J.P. Morgan is acting as sole book-running manager
for the offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and
Needham & Company are acting as co-managers for the offering.
A registration statement relating to the ordinary shares offered in this
offering has been filed with the Securities and Exchange Commission (the
"SEC"). A preliminary prospectus supplement and a final prospectus
supplement relating to the offering will be filed with the SEC. When
available, copies of the preliminary and final prospectus supplements
relating to these securities may be obtained by visiting the SEC's website
at www.sec.gov or from J.P. Morgan Securities LLC c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York, NY 11717 or by
calling toll-free at (866) 803-9204.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
About Stratasys Ltd.
Stratasys Ltd. is the corporate entity formed in 2012 by the merger of 3D
printing companies Stratasys, Inc. and Objet Ltd., based in Minneapolis,
Minn. and Rehovot, Israel. Stratasys manufactures 3D printers and materials
for personal use, prototyping and production. Systems include entry-level
desktop 3D printers for personal use and idea development, a range of
systems for prototyping, and large production systems for direct digital
manufacturing.
Cautionary Information Regarding Forward Looking Statements
The statements in this press release regarding Stratasys's intentions with
respect to the proposed public offering are forward-looking statements that
are subject to significant risks and uncertainties, and actual results could
differ materially from those projected. These risks and uncertainties
include, without limitation, risks and uncertainties related to market
conditions and satisfaction of customary closing conditions related to the
public offering. There can be no assurance that Stratasys will be able to
complete the public offering on the anticipated terms, or at all. The
forward-looking statements in this release speak only as of this date, and
Stratasys disclaims any intent or obligation to revise or update publicly
any forward-looking statement except as required by law.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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