Dynamic Materials Corporation Announces Public Offering of Common Stock by SNPE, Inc.
April 27 2006 - 7:45AM
PR Newswire (US)
BOULDER, Colo., April 27 /PRNewswire-FirstCall/ -- Dynamic
Materials Corporation ("DMC") (NASDAQ:BOOM) today announced that
SNPE, Inc., its majority stockholder, plans to offer 5,153,897
shares of DMC's common stock in an underwritten public offering. As
part of the offering, SNPE intends to grant the underwriters a
30-day option to purchase up to 773,085 shares, to cover
over-allotments, if any. The offering is being made through an
underwriting syndicate led by JPMorgan, acting as sole bookrunning
manager. The common stock is currently listed on The Nasdaq Capital
Market and will be listed on The Nasdaq National Market upon
pricing of the offering. A preliminary prospectus supplement and
the accompanying prospectus related to the offering have been filed
with the Securities and Exchange Commission and are available on
its website at http://www.sec.gov/. Printed copies of the
preliminary prospectus supplement and the accompanying prospectus
related to the offering may be obtained from: JPMorgan National
Statement Processing Prospectus Library 4 Chase Metrotech Center CS
Level Brooklyn, NY 11245 Tel: 718-242-8002 Fax: 718-242-1350 This
announcement shall not constitute an offer to sell or the
solicitation of any offer to buy any securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which the offer, solicitation or sale would be
unlawful. About Dynamic Materials Corporation Based in Boulder,
Colorado, Dynamic Materials Corporation is a leading international
metalworking company. Its products include explosion-welded clad
metal plates and other metal fabrications for use in a variety of
industries, including upstream oil and gas, oil refinery,
petrochemicals, hydrometallurgy, aluminum production, shipbuilding,
power generation, industrial refrigeration and similar industries.
The company operates two business segments: Explosive Metalworking,
which uses proprietary explosive processes to fuse different metals
and alloys, and AMK Welding, which utilizes various technologies to
weld components for use in power-generation turbines, as well as
commercial and military jet engines. For more information, visit
the company's website at http://www.dynamicmaterials.com/. Except
for the historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties including, but not limited to, the following: our
ability to obtain new contracts at attractive prices; the size and
timing of customer orders and shipment; fluctuations in customer
demand; changes to customer orders; competitive factors; the timely
completion of contracts; the timing and size of expenditures; the
timely receipt of government approvals and permits; the adequacy of
local labor supplies at our facilities; current or future limits on
manufacturing capacity at our various operations; the availability
and cost of funds; and general economic conditions, both domestic
and foreign, impacting our business and the business of the
end-market users we serve; as well as the other risks detailed from
time to time in the company's SEC reports, including the report on
Form 10-K for the year ended December 31, 2005. DATASOURCE: Dynamic
Materials Corporation CONTACT: Geoff High of Pfeiffer High Investor
Relations, Inc., +1-303-393-7044, for Dynamic Materials Corporation
Web site: http://www.dynamicmaterials.com/
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