Dmc global announces pricing of public offering of common stock

Broomfield, colo., may 04, 2021 (globe newswire) -- dmc global inc. (nasdaq: boom) (“dmc global”) today announced the pricing of its underwritten public offering of 2,500,000 shares of common stock at a public offering price of $45.00 per share. dmc global has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares of common stock on the same terms. the gross proceeds to dmc global from this offering are expected to be approximately $112.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by dmc global, and assuming no exercise of the underwriters' option to purchase additional shares of common stock. the offering is expected to close on or about may 7, 2021, subject to satisfaction of customary closing conditions. all of the shares of common stock in the offering are to be sold by dmc global.
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