NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)--The ExOne Company (Nasdaq: XONE), the global leader in industrial sand and metal 3D printers using binder jetting technology, today announced the pricing of an underwritten public offering of 1,666,667 shares of its common stock at a public offering price of $54.00 per share. The gross proceeds of the offering to the company are expected to be approximately $90.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses.
The closing of the offering is expected to occur on or about February 12, 2021, subject to the satisfaction of customary closing conditions. In addition, the company granted the underwriters a 30-day option to purchase up to an additional 205,907 shares of common stock at the public offering price, less underwriting discounts and commissions.
ExOne intends to use the net proceeds from this offering for working capital and general corporate purposes, including strategic investments.
Canaccord Genuity and Stifel are acting as joint book-running managers for the offering. B. Riley Securities and A.G.P./Alliance Global Partners are acting 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ExOne
ExOne is the pioneer and global leader in binder jet 3D printing technology. Since 1995, we’ve been on a mission to deliver powerful 3D printers that solve the toughest problems and enable world-changing innovations. Our 3D printing systems quickly transform powder materials — including metals, ceramics, composites and sand — into precision parts, metalcasting molds and cores, and innovative tooling solutions. Industrial customers use our technology to save time and money, reduce waste, improve their manufacturing flexibility, and deliver designs and products that were once impossible. As home to the world’s leading team of binder jetting experts, ExOne also provides specialized 3D printing services, including on-demand production of mission-critical parts, as well as engineering and design consulting.
Learn more about ExOne at www.exone.com or on Twitter at @ExOneCo. We invite you to join with us to #MakeMetalGreen™
