|By Business Wire||
|September 9, 2013 04:05 PM EDT||
Stratasys Ltd. (NASDAQ:SSYS), a manufacturer of 3D printers and materials for personal use, prototyping and production, today announced that it intends to offer 4,000,000 of its ordinary shares in an underwritten public offering. Stratasys also expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 of its ordinary shares to cover over-allotments, if any. J.P. Morgan is acting as sole book-running manager for the offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and Needham & Company are acting as co-managers for the offering.
A registration statement relating to the ordinary shares offered in this offering has been filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement and a final prospectus supplement relating to the offering will be filed with the SEC. When available, copies of the preliminary and final prospectus supplements relating to these securities may be obtained by visiting the SEC’s website at www.sec.gov or from J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, NY 11717 or by calling toll-free at (866) 803-9204.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Stratasys Ltd.
Stratasys Ltd. is the corporate entity formed in 2012 by the merger of 3D printing companies Stratasys, Inc. and Objet Ltd., based in Minneapolis, Minn. and Rehovot, Israel. Stratasys manufactures 3D printers and materials for personal use, prototyping and production. Systems include entry-level desktop 3D printers for personal use and idea development, a range of systems for prototyping, and large production systems for direct digital manufacturing.
Cautionary Information Regarding Forward Looking Statements
The statements in this press release regarding Stratasys’s intentions with respect to the proposed public offering are forward-looking statements that are subject to significant risks and uncertainties, and actual results could differ materially from those projected. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the public offering. There can be no assurance that Stratasys will be able to complete the public offering on the anticipated terms, or at all. The forward-looking statements in this release speak only as of this date, and Stratasys disclaims any intent or obligation to revise or update publicly any forward-looking statement except as required by law.
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