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.
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