DMC Global (BOOM) Prices 2.5M Share Common Offering at $45/Sh

May 5, 2021 5:39 AM EDT

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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.



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