Shapeways to Transfer Listing to Nasdaq
20 Juli 2023 - 10:23PM
Business Wire
Common stock ticker symbol to remain “SHPW”
Shapeways Holdings, Inc. (NYSE: SHPW) (“Shapeways” or the
“Company”), a leading global platform for 3D printing and digital
manufacturing, today announced its decision to transfer its listing
to The Nasdaq Global Market (“Nasdaq”) from the New York Stock
Exchange. Shapeways expects its common stock and warrants to list
on Nasdaq at the open of business on August 1, 2023, under the
symbols “SHPW” and “SHPWW”.
“We are excited to move to Nasdaq and join many of the world’s
leading technology companies as Shapeways continues to push the
boundaries of digital manufacturing and software solutions,” said
Greg Kress, CEO of Shapeways. “This move should allow us to benefit
from Nasdaq’s cost-effective offering, while also providing us with
a platform to expand our market presence, reach a broader investor
base, and accelerate our growth trajectory. This transition
reflects our commitment to innovation, customer success, and
shareholder value creation.”
“We are glad to welcome Shapeways to the Nasdaq family and look
forward to supporting their continued growth and focus on
shareholder value,” said Karen Snow, Global Head of Listings at
Nasdaq.
For more information about Shapeways and its innovative 3D
printing solutions, please visit www.shapeways.com.
About Shapeways
Shapeways is a leader in the large and fast-growing digital
manufacturing industry combining high quality, flexible on-demand
manufacturing powered by purpose-built proprietary software which
enables customers to rapidly transform digital designs into
physical products, globally. Shapeways makes industrial-grade
additive manufacturing accessible by fully digitizing the
end-to-end manufacturing process, and by providing a broad range of
solutions utilizing 12 additive manufacturing technologies and
approximately 120 materials and finishes, with the ability to
easily scale new innovation. To date, Shapeways has delivered over
24 million parts to 1 million customers in over 180 countries. To
learn more, please visit https://www.shapeways.com.
Special Note Regarding Forward-Looking Statements
Certain statements included in this press release are not
historical facts and are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. All statements, other than
statements of present or historical fact included in this press
release, regarding the Company’s strategy, future operations,
outlook, prospects, and expectations regarding its listing on
Nasdaq, including related cost efficiencies and impact on the
Company’s market presence, investor base and growth trajectory, are
forward-looking statements. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of management and are not predictions
of actual performance. These forward-looking statements are
provided for illustrative purposes only and are not intended to
serve as, and must not be relied on as, a guarantee, an assurance,
a prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of the Company. These
forward-looking statements are subject to a number of risks and
uncertainties, including changes in domestic and foreign business,
financial, geopolitical, legal, and market conditions, including
supply chain disruptions and inflationary pressures; failure to
realize the anticipated benefits of acquisitions; difficulties
integrating acquired companies; ability to retain customers of
acquired companies or otherwise expand its customer base; the risk
that Shapeways has a history of losses and may not achieve or
maintain profitability in the future; the risk that the Company
faces significant competition and expects to face increasing
competition in many aspects; the risk that the digital
manufacturing industry is a relatively new and emerging market and
it is uncertain whether it will gain widespread acceptance; the
risk that the Company’s new and existing solutions and software do
not achieve sufficient market acceptance; the loss of key
personnel; the inability to timely and effectively scale the
Company’s platform; and those factors discussed under the heading
"Risk Factors" in Shapeways’ most recent Form 10-K, most recent
Form 10-Q, and other documents Shapeways has filed, or will file,
with the SEC. If any of these risks materialize or the Company’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company does not presently know,
or that the Company currently believes are immaterial, that could
also cause actual results to differ from those contained in
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans, or forecasts of future
events and views as of the date of this press release. The Company
anticipates that subsequent events and developments will cause its
assessments to change. However, while the Company may elect to
update these forward-looking statements at some point in the
future, it specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company’s assessments of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon forward-looking statements.
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