voxeljet AG said that the underwriters of the company´s recent public offering of 3,000,000 American depositary shares exercised in full their option to purchase an additional 450,000 ADSs from certain of the company´s shareholders at the public offering price of USD15.00 per ADS.
The closing of the over-allotment option occurred on April 24, 2014.
The net proceeds were approximately USD6.4m after deducting underwriting discounts and commissions. The company did not receive any proceeds from the sale of ADSs by the selling shareholders.
Piper Jaffray and Citigroup acted as joint book-running managers. Cowen and company and Stephens Inc. acted as co-managers.
voxeljet is a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers.