Benzinga | Feb 10, 2021 09:09AM EST

Voxeljet AG Announces Proposed Offering of Ordinary Shares In An Amount Of Up To EUR829,630

voxeljet AG (WKN: A2QBGM / ISIN: US92912L2060) (NASDAQ:VJET) (the "Company", or "voxeljet") management board today approved, with the consent of the supervisory board, an increase in the company's registered share capital against cash contributions, under exclusion of the subscription rights of existing shareholders, in an amount of up to EUR 829,630.00. In conjunction with the capital increase, the company will issue new registered ordinary shares with dividend entitlements beginning for the 2020 financial year, which will be offered in the form of American Depositary Receipts ("ADRs"). Each ADR represents one ordinary share. The placement will take place today. The ADRs are listed on NASDAQ.

A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

The offer price is expected to be set and announced by the management board today. The Company intends to use the net proceeds of the issuance for general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.