Press release
DMC Global Announces Proposed Public Offering of Common Stock
BROOMFIELD, Colo., May 03, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced that it intends to offer and sell 2,500,000
About this update from Dmc Global Inc.
[{"type":"text","content":"BROOMFIELD, Colo., May 03, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced that it intends to offer and sell 2,500,000 shares of its common stock in an underwritten public offering. In connection with the offering, DMC Global expects to grant the underwriters a 30-day option to purchase additional shares of common stock, equal to up to 15% of the number of shares of common stock sold in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or the actual size or terms of the offering. All of the shares of common stock in the offering are to be sold by DMC Global. KeyBanc Capital Markets is acting as the sole book-running manager for the offering. Stephens Inc.; Stifel; Tudor, Pickering, Holt & Co.; and Roth Capital Partners will act as co-managers for the offering. The shares of common stock are being 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 prospectus supplement and the accompanying prospectus relating to the common stock being offered will be filed with the SEC on May 3, 2021 and will be available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement (when available) and accompanying prospectus may 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. Any offer will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement. About DMC GlobalDMC 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 may contain “forward-looking statements” within ...