Xometry Inc. (NASDAQ: XMTR) announced it has commenced an underwritten public offering of $225 million of Class A common stock. The manufacturing marketplace company also granted underwriters a 30-day option to purchase up to an additional $33.75 million of shares.

All shares in the offering are being sold by Xometry. The company plans to use net proceeds for working capital and general corporate purposes.

J.P. Morgan and Goldman Sachs & Co. LLC are serving as joint book-running managers for the proposed offering.

The offering is being conducted under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on June 1, 2026, which became effective upon filing. A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC.

Xometry operates an AI-native marketplace connecting buyers and suppliers of custom manufacturing services. The company also owns the Thomasnet industrial sourcing platform and provides cloud-based manufacturing services.

The proposed offering remains subject to market and other conditions. Xometry stated there can be no assurance regarding whether or when the offering may be completed, or the actual size or terms of the final offering.