3D Systems -3% AH after announcing 5.95M-share stock offering

|About: 3D Systems Corp. (DDD)|By:, SA News Editor

3D Systems' (DDD) stock offering stands to increase the company's share count by 5.8%. At current levels, it would yield gross proceeds of $327M.  Underwriters have an 892.5K-share overallotment option.

The M&A-hungry company names "future acquisitions" as one of its planned uses for the proceeds.

3D carried out a 7.5M-share stock offering (6.2M new shares) last year. The company ended Q1 with $306.7M in cash, and $18.9M in debt.

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