DMC Global Announces Pricing of Public Offering of Common Stock

By Globe Newswire8 days ago

BROOMFIELD, Colo., May 04, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:BOOM) (DMC Global) today announced the pricing of its underwritten public offering of 2,500,000 shares of common stock at a public offering price of $45.00 per share. DMC Global has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares of common stock on the same terms. The gross proceeds to DMC Global from this offering are expected to be approximately $112.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by DMC Global, and assuming no exercise of the underwriters' option to purchase additional shares of common stock. The offering is expected to close on or about May 7, 2021, subject to satisfaction of customary closing conditions. All of the shares of common stock in the offering are to be sold by DMC Global.

DMC Global intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions.


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 are acting 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 preliminary prospectus supplement and the accompanying prospectus relating to the common stock being offered were filed with the SEC on May 3, 2021 and are available on the SEC's website at Copies of the final prospectus supplement (when available) and the 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.Offers will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.

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