ROCK HILL, South Carolina – May 28, 2014 – 3D Systems (NYSE:DDD) announced today that it has priced a public offering of 5,950,000 shares of its common stock for estimated total gross proceeds of approximately $317 million. In connection with the offering, the Company has granted to the underwriter an option for 30 days to purchase up to 892,500 additional shares of common stock. The offering is subject to customary closing conditions and is expected to close on or about May 30, 2014.
3D Systems intends to use the net proceeds from the offering to finance future acquisitions and for working capital and general corporate purposes.
Canaccord Genuity is acting as the underwriter for the offering.
The offering will be made pursuant to 3D Systems’ effective registration statement filed with the Securities and Exchange Commission (“SEC”) on May 27, 2014, which became effective immediately upon filing. A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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.
Copies of the prospectus supplement, when available, and accompanying prospectus may be obtained by sending a request to the offices of Canaccord Genuity, Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110, phone: 1-800- 225-6201. Alternatively, you may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
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Forward-Looking Statements
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 or projections 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, including whether the securities offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. 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
3D Systems is a leading provider of 3D printing centric design-to-manufacturing solutions including 3D printers, print materials and cloud sourced on-demand custom parts for professionals and consumers alike in materials including plastics, metals, ceramics and edibles. The company also provides integrated 3D scan-based design, freeform modeling and inspection tools and an integrated 3D planning and printing digital thread for personalized surgery and patient specific medical devices. Its products and services replace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input.