EQS-Adhoc

voxeljet AG Accelerates Strategic Realignment

EQS-Ad-hoc: voxeljet AG / Key word(s): Strategic Company Decision voxeljet AG Accelerates Strategic Realignment 12-March-2024 / 21:10 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. voxeljet AG Accelerates Strategic Realignment and Announces its Plan to (i) Voluntarily Delist its ADSs from NASDAQ and (ii) Deregister its ADSs

 

voxeljet AG (ISIN: US92912L2060 / NASDAQ: VJET)  ("Company") today announced its plan to voluntarily delist its ADSs from The Nasdaq Stock Market LLC ("NASDAQ") and to terminate the registration of its ADSs with the U.S. Securities and Exchange Commission ("SEC").  The Company is taking these steps in order to reduce expenses and thereby to further strengthen its financial position.

The Company has concluded that the benefits associated with a NASDAQ listing do not justify the costs and demands on management's time necessary to comply with SEC requirements.  Consequently, the Company intends to start the process to delist the Company's shares from NASDAQ.  After the NASDAQ delisting becomes effective, the Company intends to promptly initiate the process for suspending its reporting obligations under the Securities Exchange Act of 1934, as amended ("Exchange Act").

The Company intends to file a Form 25 with the SEC to effect the voluntary withdrawal of the listing of its ADSs from NASDAQ on or about March 22, 2024.  Following the effectiveness of the Form 25, the Company intends to file with the SEC a Form 15 to deregister the Company's ADSs under the Exchange Act after which the Company will no longer have any reporting obligations under Sections 13(a) and 15(d) of the Exchange Act, including Forms 20-F and 6-K.  The Company anticipates that the deregistration of its ADSs under the Exchange Act will become effective on or about April 1, 2024.