Jun. 10 at 6:54 PM
$XMTR Looks like the market didn't read the press release. "Xometry expects to use the net proceeds from the Offering, together with cash on hand, (i) to pay the approximately
$15.7 million cost of the capped call transactions described below, (ii) to use approximately
$8.0 million for the repurchase of shares of Xometry’s Class A common stock concurrently with the pricing of the Offering as described below, and (iii) to repurchase for approximately
$216.7 million in cash approximately
$201.7 million aggregate principal amount (including accrued and unpaid interest) of Xometry’s outstanding 1.00% Convertible Senior Notes due 2027 (the “2027 notes”) as described below." Bullish/Neutral implications to that.
