BOULDER, Colo., May 16 /PRNewswire-FirstCall/ -- Dynamic Materials Corporation ("DMC") (NASDAQ:BOOM) today announced the closing of the public offering of 5,926,982 shares of common stock, including 773,085 shares purchased upon exercise of an option granted to the underwriters to cover over-allotments, at a public offering price of $35.00 per share. All of the shares sold as part of the offering were sold by SNPE, Inc. JPMorgan acted as sole bookrunning manager of the offering. This announcement shall not constitute an offer to sell or the solicitation of any offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful. A prospectus supplement and the accompanying prospectus related to the offering have been filed with the Securities and Exchange Commission and are available on its website at http://www.sec.gov/. Printed copies of the prospectus supplement related to the offering may be obtained from: JPMorgan, National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (Tel: 718-242-8002). About Dynamic Materials Corporation Based in Boulder, Colorado, Dynamic Materials Corporation is a leading international metalworking company. Its products include explosion-welded clad metal plates and other metal fabrications for use in a variety of industries, including upstream oil and gas, oil refinery, petrochemicals, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration and similar industries. The company operates two business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys, and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines. For more information, visit the company's website at http://www.dynamicmaterials.com/. Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties including, but not limited to, the following: our ability to obtain new contracts at attractive prices; the size and timing of customer orders and shipment; fluctuations in customer demand; changes to customer orders; competitive factors; the timely completion of contracts; the timing and size of expenditures; the timely receipt of government approvals and permits; the adequacy of local labor supplies at our facilities; current or future limits on manufacturing capacity at our various operations; the availability and cost of funds; and general economic conditions, both domestic and foreign, impacting our business and the business of the end-market users we serve; as well as the other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 2005. DATASOURCE: Dynamic Materials Corporation CONTACT: Geoff High of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for Dynamic Materials Corporation Web site: http://www.dynamicmaterials.com/

Copyright

DMC Global (NASDAQ:BOOM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more DMC Global Charts.
DMC Global (NASDAQ:BOOM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more DMC Global Charts.