Benzinga | Jul 15, 2021 01:00PM EDT

voxeljet Shares Fall As It Seeks To Raise 1.8M Via Secondary Equity Offering

* Industrial 3D printing system company voxeljet AG (NASDAQ:VJET) proposed to raise (euro)1.77 million via a secondary equity offering.

* It will utilize the offering proceeds for general corporate purposes.

* The company will issue new shares with dividend entitlements beginning for FY21.

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

* The stock has gained 23% year-to-date.

* Price action: VJET shares traded lower by 23.3% at $9.21 on the last check Thursday.