SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 1.02.|| |
Termination of Material Definitive Agreement.
On September 11, 2020, The ExOne Company (the “Company”) entered into an equity distribution agreement with Canaccord Genuity LLC for the sale of up to an aggregate of $25,000,000 of its common stock in sales deemed to be made in “at-the-market” offerings, as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Equity Distribution Agreement”) and filed a prospectus supplement pursuant to which it may offer and sell, from time to time, shares of its common stock having an aggregate offering price of up to $25,000,000 through under the Equity Distribution Agreement (the “ATM Offering”).
As of February 9, 2021, the Company has sold 1,240,510 shares of common stock under the Equity Distribution Agreement at an average selling price of $12.68 per share, resulting in net proceeds to the Company of approximately $15 million (after deducting commissions to the agent and other offering expenses).
Effective as of the date of this report, the Equity Distribution Agreement and the ATM Offering have been terminated. The Company is not subject to any termination penalties related to the termination of the Equity Distribution Agreement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Loretta L. Benec
Vice President, General Counsel & Corporate Secretary