DMC Global Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment Option
May 07 2021 - 11:21AM
DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced the
closing of its previously announced underwritten public offering of
2,500,000 shares of common stock. In addition, DMC Global announced
that the underwriters exercised in full their option to purchase an
additional 375,000 shares, bringing the total number of shares
issued to 2,875,000. The total net proceeds from the offering,
including the additional shares, were approximately $123.5 million
after deducting underwriters’ compensation and estimated expenses.
All of the shares of common stock in the offering were sold by DMC
Global.
DMC Global intends to use the net proceeds of
the offering for general corporate purposes, which may include
acquisitions.
KeyBanc Capital Markets acted as the sole
book-running manager for the offering. Stephens Inc.; Stifel;
Tudor, Pickering, Holt & Co.; and Roth Capital Partners acted
as co-managers for the offering.
The shares of common stock were offered by DMC
Global pursuant to an automatic shelf registration statement on
Form S-3ASR filed with the Securities and Exchange Commission (the
“SEC”) on May 3, 2021. A preliminary prospectus supplement relating
to the common stock being offered and the accompanying prospectus
were filed with the SEC on May 3, 2021, and a final prospectus
supplement was filed with the SEC on May 5, 2021, and these
documents are available on the SEC’s website at http://www.sec.gov.
Copies of these documents may also be obtained from KeyBanc Capital
Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th
Floor, Cleveland, Ohio 44114, or by telephone at (800)
859-1783.
This announcement is neither an offer to sell,
nor a solicitation of an offer to buy, any of these securities and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale is
unlawful.
About DMC Global
DMC Global is a diversified holding
company. Today, DMC’s portfolio consists of DynaEnergetics
and NobelClad, which collectively address the energy, industrial
processing and transportation markets. Based in Broomfield,
Colorado, DMC trades on Nasdaq under the symbol “BOOM.”
Cautionary Note Regarding Forward-Looking
Statements
This release contains “forward-looking
statements” within the meaning of applicable securities laws
regarding events or conditions that may occur in the future,
including with respect to the use of proceeds from the offering,
and are based on current expectations that, while considered
reasonable by management at this time, inherently involve a number
of significant business, economic and competitive risks,
uncertainties and contingencies. Factors that could cause actual
results to differ materially from any forward-looking statements
include, but are not limited to, the impact of general business and
economic conditions and other factors described in the public
filings made by DMC Global at www.sec.gov. Readers should not place
undue reliance on forward-looking statements. The forward-looking
statements contained herein are based on the beliefs, expectations
and opinions of management as of the date hereof and DMC Global
disclaims any intent or obligation to update them or revise them to
reflect any change in circumstances or in management’s beliefs,
expectations or opinions that occur in the future.
For further information, please contact
DMC Global Inc. 11800 Ridge Parkway, Suite
300Broomfield, Colorado 80021Geoff High, Vice President of Investor
Relations303-604-3924
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