3-D Systems Hopes Plan Will Raise $10 Million

3-D Systems Inc. said it hopes to raise about $10 million by giving its stockholders rights to purchase 9 million additional 3-D common shares.

3-D is a Canadian company whose primary unit is 3D Systems Inc., a Valencia-based maker of machines that combine lasers, chemicals and a computer to rapidly manufacture plastic-like models of industrial parts and other products.

Under the proposed rights offering, existing 3-D stockholders would receive one right for each 3-D common share they own on a record date yet to be determined. The company, which currently has about 18 million shares outstanding, said it currently expects that two rights will be needed to buy one additional share.

The purchase price under the offering also has yet to be set, but 3-D said it “will be at a significant discount” from the stock’s March 27 close of $1.875 a share in over-the-counter trading.

Stockholders who do not want to exercise their rights might be able to sell their rights if a market develops, 3-D said.