ROCK HILL, South Carolina, March 31, 2011 – 3D Systems Corporation (NASDAQ: TDSC) today announced that the underwriters for its recently announced public offering have fully exercised their over-allotment option to purchase an additional 306,000 shares of 3D Systems Corporation common stock, subject to the completion of close, which is anticipated for April 5, 2011.
The option was granted in connection with an offering of 2,040,000 shares of common stock which closed on March 16, 2011. The 2,346,000 shares, including the 306,000 shares subject to the over-allotment option, were sold at a price to the public of $44.00 per share. Of these shares included in the over-allotment option shares, 195,000 shares are being sold by the Company and 111,000 shares are being sold by certain selling stockholders.
The public equity offering and the exercise of the over-allotment option, were made under a shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). 3D Systems intends to use the net proceeds from its offering for general corporate purposes, including potential acquisitions. The Company will not receive any proceeds from the sale of shares by the selling stockholders.
Barclays Capital served as sole book-running manager, and Canaccord Genuity and Needham & Company, LLC acted as co-managers for the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the final prospectus for this offering can be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at [email protected], or by calling 888-603-5847. You may also obtain these documents free of charge by visiting the SEC's website.
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.
About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, parts and production systems. Its expertly integrated rapid prototyping and manufacturing solutions reduce the time and cost of designing new products and printing real parts directly from digital input. These solutions are used to design, communicate, prototype and produce functional end-use parts; customers create with confidence.
More information on the company is available at www.3DSystems.com, www.printin3D.com, www.toptobottomdental.com, www.3Dproparts.com, www.bitsfrombytes.com, www.quickparts.com, www.dpt-fast.com, blog.3dsystems.com, or via email at [email protected].