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DMC Global Inc. (BOOM)
- Zacks
SIEGY vs. BOOM: Which Stock Is the Better Value Option?
SIEGY vs. BOOM: Which Stock Is the Better Value Option?
- GlobeNewswire
Yvon Cariou Retires From DMC Global’s Board of Directors
BROOMFIELD, Colo., May 12, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced Yvon Cariou has retired from the Company’s Board of Directors. Mr. Cariou, 75, was appointed to DMC’s board in 2006 and was the Company’s president and CEO from 2000 to 2013. He did not stand for reelection at today’s annual meeting of stockholders. Kevin Longe, president and CEO, said, “On behalf of the board of directors and the entire DMC family, I want to thank Yvon for his more than two decades of dedicated service to the Company and its stakeholders. We are extremely grateful for his many contributions, and wish him an enjoyable and rewarding retirement.” In anticipation of Mr. Cariou’s retirement, Ruth Dreessen was appointed to DMC’s board as an independent director in October 2020. About DMCDMC Global is a diversified holding company. Our innovative businesses provide differentiated products and services to niche industrial and commercial markets around the world. DMC’s objective is to identify well-run businesses and strong management teams and support them with long-term capital and strategic, legal, technology and operating resources. Our approach helps our portfolio companies grow core businesses, launch new initiatives, upgrade technologies and systems to support their long-term strategy, and make acquisitions that improve their competitive positions and expand their markets. DMC’s culture is to foster local innovation versus centralized control, and stand behind our businesses in ways that truly add value. Today, DMC’s portfolio consists of DynaEnergetics and NobelClad, which collectively address the energy, industrial processing and transportation markets. Based in Broomfield, Colorado, DMC trades on Nasdaq under the symbol “BOOM.” For more information, visit the Company’s website at: http://www.dmcglobal.com CONTACT:Geoff HighVice President of Investor Relations303-604-3924
- GlobeNewswire
DMC Global Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment Option
BROOMFIELD, Colo., May 07, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) (“DMC Global”) today announced the closing of its previously announced underwritten public offering of 2,500,000 shares of common stock. In addition, DMC Global announced that the underwriters exercised in full their option to purchase an additional 375,000 shares, bringing the total number of shares issued to 2,875,000. The total net proceeds from the offering, including the additional shares, were approximately $123.5 million after deducting underwriters’ compensation and estimated expenses. All of the shares of common stock in the offering were sold by DMC Global. DMC Global intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions. KeyBanc Capital Markets acted as the sole book-running manager for the offering. Stephens Inc.; Stifel; Tudor, Pickering, Holt & Co.; and Roth Capital Partners acted as co-managers for the offering. The shares of common stock were offered by DMC Global pursuant to an automatic shelf registration statement on Form S-3ASR filed with the Securities and Exchange Commission (the “SEC”) on May 3, 2021. A preliminary prospectus supplement relating to the common stock being offered and the accompanying prospectus were filed with the SEC on May 3, 2021, and a final prospectus supplement was filed with the SEC on May 5, 2021, and these documents are available on the SEC’s website at http://www.sec.gov. Copies of these documents may also be obtained from KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783. This announcement is neither an offer to sell, nor a solicitation of an offer to buy, any of these securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale is unlawful. About DMC Global DMC Global is a diversified holding company. Today, DMC’s portfolio consists of DynaEnergetics and NobelClad, which collectively address the energy, industrial processing and transportation markets. Based in Broomfield, Colorado, DMC trades on Nasdaq under the symbol “BOOM.” Cautionary Note Regarding Forward-Looking Statements This release contains “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future, including with respect to the use of proceeds from the offering, and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, the impact of general business and economic conditions and other factors described in the public filings made by DMC Global at www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and DMC Global disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future. For further information, please contact DMC Global Inc. 11800 Ridge Parkway, Suite 300Broomfield, Colorado 80021Geoff High, Vice President of Investor Relations303-604-3924
