New York Stock Exchange Approves voxeljet’s Plan to Regain Compliance
January 27 2020 - 9:00AM
Business Wire
voxeljet AG (NYSE: VJET) (the “Company”, or “voxeljet”), a
leading provider of high-speed, large-format 3D printers and
on-demand parts services to industrial and commercial customers,
today announced that on January 24, 2020, the New York Stock
Exchange (the “NYSE”) notified the Company that it has accepted the
Company’s plan to regain compliance with the NYSE’s continued
listing standards.
As previously reported by the Company in a Current Report on
Form 6-K on August 27, 2019, the Company received a letter from the
NYSE on August 23, 2019 stating that voxeljet was below compliance
with continued listing standards set forth in Section 802.01B of
the NYSE’s Listed Company Manual relating to market capitalization
and shareholders’ equity.
The Company submitted a compliance plan to the NYSE on November
19, 2019 advising how the Company plans to regain compliance with
the continued listing standards by February 23, 2021. The Company
is subject to periodic review by the NYSE for compliance with the
initiatives set forth in the plan. If the Company is not in
compliance with the continued listing standards by February 23,
2021, or if it does not make progress consistent with the plan
during the plan period, NYSE may initiate delisting proceedings as
appropriate. The Company intends to regain compliance with the NYSE
continued listing standards by such date; however, there is no
assurance the Company will be able to accomplish this.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements
concerning our business, operations and financial performance. Any
statements that are not of historical facts may be deemed to be
forward-looking statements. You can identify these forward-looking
statements by words such as ‘‘believes,’’ ‘‘estimates,’’
‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’
‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other
similar expressions that convey uncertainty of future events or
outcomes. Forward-looking statements include statements regarding
our intentions, beliefs, assumptions, projections, outlook,
analyses or current expectations concerning, among other things,
our results of operations, financial condition, business outlook,
the potential application of new technology and new materials and
their impact on future business, the industry in which we operate
and the trends that may affect the industry or us. Although we
believe that we have a reasonable basis for each forward-looking
statement contained in this press release, we caution you that
forward-looking statements are not guarantees of future
performance. All of our forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that are
in some cases beyond our control and that may cause our actual
results to differ materially from our expectations, including those
risks identified under the caption “Risk Factors” in the Company’s
Annual Report on Form 20-F and in other reports the Company files
with the U.S. Securities and Exchange Commission. Except as
required by law, the Company undertakes no obligation to publicly
update any forward-looking statements for any reason after the date
of this press release whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200127005231/en/
Investors and Media Johannes Pesch Director Investor Relations
and Business Development johannes.pesch@voxeljet.de Office: +49 821
7483172
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