voxeljet Shares Fall As It Seeks To Raise €1.8M Via Secondary Equity Offering

Industrial 3D printing system company voxeljet AG VJET proposed to raise €1.77 million via a secondary equity offering.
It will utilize the offering proceeds for general corporate purposes.
The company will issue new shares with dividend entitlements beginning for FY21.
A.G.P./Alliance Global Partners is the sole placement agent for the offering.
The stock has gained 23% year-to-date.
Price action: VJET shares traded lower by 23.3% at $9.21 on the last check Thursday.