By Sheri Kasprzak
New York, June 20 - 3D Systems Corp. wrapped a private placement for $21.875 million.
The company sold 1.25 million shares at $17.50 each to a group of accredited investors led by T. Rowe Price Small-Cap Value Fund, Inc.
Before the offering, T. Rowe Price and its affiliates held more than 5% of the company's outstanding stock.
The other investors in the deal include Cranshire Capital, LP; Enable Growth Partners LP; Enable Opportunity Partners LP; Pierce Diversified Strategy Master Fund LLC; Fort Mason Master, LP; Fort Mason Partners, LLC; Ottley Properties, LLC; Zemurray Foundation; Society for the Relief of Destitute Orphan Boys; Karnak Partners LP; Kirsch-Cassis Profit Sharing Plan; Bernard Selz; Skylands Quest LLC; Skylands Special Investment II LLC; Skylands Special Investment LLC; Harbour Holdings Ltd.; UBS O'Connor LLC FBO O'Connor PIPES Corporate Strategies Master Ltd.; Atlas Allocation Fund, LP; Capital Ventures International; Goldring Family Foundation I; Woldenberg Foundation; Diane Franco; Alan Franco; Straus Partners LP; Straus GEPT Partners LP; Telemark Fund, LP; SRB Greenway Offshore Operating Fund, LP; SRB Greenway Capital (QP), LP and SRB Greenway Capital, LP.
Proceeds will be used for general corporate purposes as well as for growth initiatives.
Canaccord Adams, Inc. and Johnson Rice & Co., LLC were agents
Located in Rock Hill, S.C., 3D Systems provides three-dimensional modeling, rapid prototyping and manufacturing services.
| Issuer: | 3D Systems Corp.
|
| Issue: | Stock
|
| Amount: | $21.875 million
|
| Shares: | 1.25 million
|
| Price: | $17.50
|
| Warrants: | No
|
| Agents: | Canaccord Adams, Inc. and Johnson Rice & Co., LLC
|
| Investors: | T. Rowe Price Small-Cap Value Fund, Inc. (lead); Cranshire Capital, LP; Enable Growth Partners LP; Enable Opportunity Partners LP; Pierce Diversified Strategy Master Fund LLC; Fort Mason Master, LP; Fort Mason Partners, LLC; Ottley Properties, LLC; Zemurray Foundation; Society for the Relief of Destitute Orphan Boys; Karnak Partners LP; Kirsch-Cassis Profit Sharing Plan; Bernard Selz; Skylands Quest LLC; Skylands Special Investment II LLC; Skylands Special Investment LLC; Harbour Holdings Ltd.; UBS O'Connor LLC FBO O'Connor PIPES Corporate Strategies Master Ltd.; Atlas Allocation Fund, LP; Capital Ventures International; Goldring Family Foundation I; Woldenberg Foundation; Diane Franco; Alan Franco; Straus Partners LP; Straus GEPT Partners LP; Telemark Fund, LP; SRB Greenway Offshore Operating Fund, LP; SRB Greenway Capital (QP), LP and SRB Greenway Capital, LP
|
| Settlement date: | June 19
|
| Stock symbol: | Nasdaq: TDSC
|
| Stock price: | $24.99 at close June 19
|
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