voxeljet AG has introduced that its Administration Board, along with the Supervisory Board, has determined to provoke a proper evaluate course of to judge strategic alternate options for the corporate.

To realize this goal, voxeljet has engaged BNP Paribas Securities Corp. as monetary advisor and Hogan Lovells Worldwide LLP as authorized advisor to help within the exploration of strategic alternate options, which can embody a full vary of strategic, enterprise, and monetary alternate options, together with, however not restricted to, investments, mergers and acquisitions, and joint ventures, strategic partnerships, or different transactions based on the corporate.

voxeljet says that there is no such thing as a definitive timetable set for the completion of the strategic alternate options evaluate and there might be no assurance that the evaluate course of will lead to any transaction, or some other strategic change or consequence.

The corporate says that it doesn’t intend to make any additional public remark concerning the strategic evaluate except and till the Boards have accredited a selected plan of action, or till the corporate determines that additional disclosure is required by regulation or in any other case deemed acceptable.

The information comes virtually precisely a decade after voxeljet went public in September 2013, when it filed its 100 million USD Preliminary Public Providing with the US Securities and Change Fee (SEC). The corporate has been listed on the Nasdaq inventory change since August 2020 when it introduced its determination to voluntarily switch from the NYSE to the NASDAQ.

voxeljet acquired a discover of noncompliance from the New York Inventory Change in April 2020. The discover said that the corporate was not in compliance with Part 802.01C of the NYSE’s Listed Firm Handbook because of the common closing worth of the corporate’s American Depositary Shares had fallen beneath 1.00 USD per share over a interval of 30 consecutive buying and selling days.

voxeljet introduced a partnership with inkjet printer head manufactuer Xaar in 2015 to develop high-speed sintering expertise. Xaar’s 3D printing division was acquired by Stratasys in 2021. In 2020, voxeljet introduced a partnership with supplies specialist Covestro, an organization which was additionally acquired by Stratasys in 2022.