3D Systems Corporation announced a $31 million Equitization Transaction involving the exchange of Convertible Senior Notes for shares of common stock.
The transaction is expected to close around December 16, 2025, pending customary closing conditions.
Approximately $3.9 million in principal amount of the 2026 Notes will remain outstanding post-exchange.
Transaction Details
Exchange of $30,773,000 of 2026 Notes for 16,625,243 shares of common stock with limited holders.
No Cash Proceeds
3D Systems will not receive any cash proceeds from the Exchange.
Legal Considerations
Shares issuability in the Exchange have not been registered under the Securities Act of 1933.
- The Equitization Transaction aligns with 3D Systems' strategic initiatives to optimize its capital structure.
- The reduction in outstanding principal amount of 2026 Notes can positively impact the company's financial flexibility in the long term.
The Equitization Transaction signifies 3D Systems' proactive approach towards capital management and financial sustainability.