The Canadian company that controls 3-D Systems in Valencia plans a private placement of warrants intended to raise about $15 million.
The company, 3-D Systems (Canada), owns 70% of the U.S. company, which manufactures machines that use lasers, chemicals and computers to rapidly produce plastic-like models of parts and other products.
The Canadian company plans to issue 2.9 million warrants for $5.25 apiece. Each warrant gives its holder the right to buy one share of the company’s common stock at a certain price within a specified period.
A private placement means that the company plans to sell the securities directly to certain investors instead of holding a sale open to the public.