|[September 17, 2013]
Stratasys Ltd. Announces Exercise of Over-Allotment Option
MINNEAPOLIS & REHOVOT, Israel --(Business Wire)--
Stratasys (News - Alert) 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 (News - Alert)"). A final prospectus supplement relating to the offering has also
beenfiled 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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