Benzinga | Jul 16, 2021 06:36AM EDT

voxeljet To Raise $10M Via Institutional Equity Offering At 26% Discount

* 3D printing company voxeljet AG (NASDAQ:VJET) priced 1.1 million shares at $8.88 ((euro)7.52) per share in a secondary institutional equity offering.

* The estimated gross proceed is $10 million.

* The offer price implies a 26% discount to voxeljet's Wednesday closing price of $12.

* The offering is expected to close by July 26, 2021.

* Price action: VJET, which closed lower by 26.1% at $8.87 on Thursday, is gaining 10.6% at $9.81 in the premarket session Friday.