ExOne Shareholders Approve Acquisition by Desktop Metal

Rhea-AI Summary

NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)--The ExOne Company (Nasdaq: XONE) announced that its stockholders approved the acquisition by Desktop Metal, Inc. The deal is set to close within three business days, pending customary conditions. After completion, ExOne’s common stock will no longer be publicly listed, transitioning to a wholly owned subsidiary of Desktop Metal. ExOne, a leader in binder jetting 3D printing technology, will continue operations from North Huntingdon, Pennsylvania.

Positive

• Stockholder approval of the acquisition by Desktop Metal enhances strategic alignment and market expansion.
• The merger may provide ExOne access to additional resources and technologies, potentially increasing revenue growth opportunities.

Negative

• ExOne's common stock will cease to be publicly traded, limiting shareholder liquidity.
• Integration challenges may arise post-acquisition, impacting operational efficiency.

NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)-- The ExOne Company (Nasdaq: XONE), the global leader in industrial sand and metal 3D printers using binder jetting technology, today announced that its stockholders voted to approve the acquisition of ExOne by Desktop Metal, Inc.

The final voting results will be filed in a Form 8-K with the U.S. Securities and Exchange Commission.

Pursuant to the Merger Agreement, the transaction is expected to close within three business days after today, subject to customary closing conditions. Upon completion of the transaction, ExOne’s common stock will no longer be listed on any public market. ExOne will remain headquartered in North Huntingdon, Pennsylvania as a wholly owned subsidiary of Desktop Metal.

About ExOne

ExOne (Nasdaq: XONE) is the pioneer and global leader in binder jet 3D printing technology. Since 1995, we’ve been on a mission to deliver powerful 3D printers that solve the toughest problems and enable world-changing innovations. Our 3D printing systems quickly transform powder materials — including metals, ceramics, composites and sand — into precision parts, metalcasting molds and cores, and innovative tooling solutions. Industrial customers use our technology to save time and money, reduce waste, improve their manufacturing flexibility, and deliver designs and products that were once impossible. As home to the world’s leading team of binder jetting experts, ExOne also provides specialized 3D printing services, including on-demand production of mission-critical parts, as well as engineering and design consulting. Learn more about ExOne at www.exone.com or on Twitter at @ExOneCo. We invite you to join with us to #MakeMetalGreen™.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211109006582/en/

Sarah Webster

Chief Marketing Officer

724.516.2336

sarah.webster@exone.com

Source: The ExOne Company

FAQ

What was the outcome of The ExOne Company's stockholder vote?

Stockholders voted to approve the acquisition of The ExOne Company by Desktop Metal, Inc.

When is the expected closing date for the ExOne acquisition?

The acquisition is expected to close within three business days, subject to customary closing conditions.

What happens to ExOne's stock after the merger?

After the merger, ExOne's common stock will no longer be listed on any public market.

Where will ExOne be headquartered post-acquisition?

ExOne will remain headquartered in North Huntingdon, Pennsylvania, as a wholly owned subsidiary of Desktop Metal.

How might the acquisition of ExOne by Desktop Metal affect investors?

Investors may face reduced liquidity as ExOne will no longer be publicly traded, but potential for growth through synergies with Desktop Metal.