voxeljet AG Accelerates Strategic Realignment
EQS-Ad-hoc: voxeljet AG / Key word(s): Strategic Company Decision
voxeljet AG Accelerates Strategic Realignment
12-March-2024 / 21:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
voxeljet AG Accelerates Strategic Realignment and Announces its Plan to (i)
Voluntarily Delist its ADSs from NASDAQ and (ii) Deregister its ADSs
voxeljet AG (ISIN: US92912L2060 / NASDAQ: VJET) ("Company") today announced
its plan to voluntarily delist its ADSs from The Nasdaq Stock Market LLC
("NASDAQ")
and to terminate the registration of its ADSs with the U.S. Securities and
Exchange Commission ("SEC"). The Company is taking these steps in order to
reduce expenses and thereby to further strengthen its financial position.
The Company has concluded that the benefits associated with a NASDAQ listing
do not justify the costs and demands on management's time necessary to
comply with SEC requirements. Consequently, the Company intends to start the
process to delist the Company's shares from NASDAQ. After the NASDAQ
delisting becomes effective, the Company intends to promptly initiate the
process for suspending its reporting obligations under the Securities
Exchange Act of 1934, as amended ("Exchange Act").
The Company intends to file a Form 25 with the SEC to effect the voluntary
withdrawal of the listing of its ADSs from NASDAQ on or about March 22,
2024. Following the effectiveness of the Form 25, the Company intends to
file with the SEC a Form 15 to deregister the Company's ADSs under the
Exchange Act after which the Company will no longer have any reporting
obligations under Sections 13(a) and 15(d) of the Exchange Act, including
Forms 20-F and 6-K. The Company anticipates that the deregistration of its
ADSs under the Exchange Act will become effective on or about April 1, 2024.
Forward-Looking Statements
This press release contains forward-looking statements, including statements
regarding the Company's intention to voluntarily delist its ADSs from Nasdaq
and to terminate registration of the Company's ADSs with the SEC, and any
anticipated benefits of such actions. These statements are an expression of
the current intentions, expectations and assumptions of voxeljet AG and made
by voxeljet AG on the basis of its best knowledge, but do not constitute any
statement with respect to their future accuracy. You should not place undue
reliance on these statements. voxeljet AG cannot provide assurances that the
matters described in this press release will be successfully completed or
that voxeljet AG will realize the anticipated benefits of any transaction.
Forward-looking statements are subject to risks and uncertainties, which are
usually difficult to predict and ordinarily not in the domain of influence
of voxeljet AG. These risks and other factors are discussed in more detail
in the Company's public filings with the SEC. It should be noted that actual
events or developments could materially differ from the events and
developments described or included in the forward-looking statements.
Statements made herein are as of the date hereof and should not be relied
upon as of any subsequent date. The Company disclaims any obligation to
update any forward-looking statements except as may be required by law.
Contact
Investors and Media
Johannes Pesch
Director Business Development & Investor Relations
johannes.pesch@voxeljet.de
Office: +49 821 7483172
End of Inside Information
---------------------------------------------------------------------------
12-March-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: voxeljet AG
Paul-Lenz-Str. 1a
86316 Friedberg
Germany
Phone: +49 821 7483 100
Internet: www.voxeljet.de
ISIN: US92912L2060
WKN: A2QBGM
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt, Hamburg, Munich, Stuttgart, Tradegate
Exchange
EQS News ID: 1857189
End of Announcement EQS News Service
---------------------------------------------------------------------------
1857189 12-March-2024 CET/CEST