DMC Global offers to sell common stock to employees
BOULDER — DMC Global Inc. will offer stock to its employees through the company’s employee stock-purchase plan, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.
DMC Global (Nasdaq: BOOM) is offering up to 250,000 shares of common stock to its employees at $12.75 cents per share. If all the offered shares are purchased, the company would raise $3.2 million. The company’s stock was trading at $13.15 per share mid-day Wednesday.
In its most recent quarterly earnings report that ended March 31, DMC Global posted a loss of $3 million, or 21 cents per share.
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The Boulder-based firm generates about $200 million in annual revenue. It manufactures explosion-welded clad metal plates, which are used to make equipment used in a variety of industries, including oil and gas. The company has manufacturing operations in the United States, Germany, Russia and east Asia.
