|By Business Wire||
|September 17, 2013 07:02 AM EDT||
Stratasys Ltd. (NASDAQ: SSYS), a manufacturer of 3D printers and materials for personal use, prototyping and production, today announced that the underwriters of its recently announced public offering have fully exercised their over-allotment option to purchase an additional 675,000 shares at a public offering price of $93.00 per share. This brings the total number of shares to be sold in the offering to 5,175,000 ordinary shares and the net offering proceeds to Stratasys from the offering to approximately $462.8 million, after deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on September 18, 2013, subject to the satisfaction of customary closing conditions. J.P. Morgan has acted as sole book-running manager for the offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and Needham & Company have acted 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 final prospectus supplement relating to the offering has also been filed with the SEC. Copies of the final prospectus supplement 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 expectations with respect to the 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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