3D打印服务提供商Shapeways(SHPW) has been notified by the New York Stock Exchange (NYSE) that it’s not in compliance with the exchange’s continued listing standards.
纽约证券交易所的要求要求在连续30天的交易期间，每家上市公司的股票必须保持最低平均收盘价为每股1.00美元。自2022年7月14日以来，Shapeways的股票的交易尚未以1.00美元的价格交易，尽管该通知不会立即影响其上市身份，但如果在六个月内无法恢复合规性，但它可能会发现自己脱颖而出。
In response to the notice, Shapeways has said it intends to notify the NYSE of its strategy to return to compliance by August 29, 2022, with options such as a reverse stock split actively being considered. If the company were to opt for such a move, its outstanding share count would be reduced in a way that proportionally raises its share price, while leaving its overall market value unchanged.
Shapeways的持续财务困境
正如Shapeways对纽约证券交易所通知的公开回应中所述，它有六个月的治愈期，以使其股票再次符合股份，而诸如逆向股票拆分之类的措施可以帮助您这样做。但是，该公司不断的股价不断表明其无法实现过去16个月中投资者设定的崇高财务目标。
In the run-up toShapeways’ merger with SPAC Galileo Acquisition这是在2021年9月公开的，它对其服务局业务的收入潜力做出了一些大胆的预测。实际上，在当年4月宣布该交易的投资者演讲中，该公司预测其收入将在2022财年达到8600万美元，2023财年的1.5亿美元和2024财年的2.5亿美元。
However, even with its merger expected to generate $195 million in funding, it wasn’t initially clear how this would help Shapeways achieve this rate of growth.Shapeways筹集了超过1亿美元prior to the deal, but as of December 31, 2020, it had just $948,000 in property and equipment, raising questions over where prior funding had been invested.
As it turned out, the company’s merger ultimately saw it bring in $103 million in gross proceeds, as it attracted significantly less investor interest than expected. Despite this, when the move was completed, Shapeways CEO Greg Kress said it would provide the firm with a platform on which it could “execute on its growth strategy and drive shareholder value,” but it has since failed to reach its lofty goals.
In its first financials after going public,Shapeways slashed its FY 2021 guidancefrom the $44 million it had initially projected, to between $32.5 million and $33.5 million. Since then,Shapeways通过投资推动增长的计划也没有证明富有成果，因为它在2022年第二季度的最新财务表明，其收入为840万美元，比第二季度2021年第2季度的880万美元低4.5％。
Likewise, the company’s H1 2022 revenue of $16 million leaves it well short of the $86 million it first forecasted to investors for FY 2022, potentially indicating why its share price has dipped to such a low level. On its Q2 earnings call, Kress emphasized that Shapeways’ expanding manufacturing capabilities are “broadening its addressable market,” and allowing it to target “enterprise-level” clientele.
也就是说，首席执行官在通话中引用的“切实进步”尚未反映在公司的短期预测中，并且预测2022年第三季度的季度增长量为第三季度，其指导为830万至860万美元。Shapeways花在了设施上并收购了MSG和Makeros之后，还为第2季度扩展了900万美元。结果，该公司以5,0040万美元的现金完成了该季度，刚好是通过其SPAC合并筹集的一半以上的资金，并且没有收入增长可以显示。
SPAC合并：有毒的圣杯？
Compared to traditional IPOs, which have legally-liable underwriters, required to carry out a huge amount of due diligence before moves go ahead, SPAC mergers have no such requirement. As a result, firms going public via IPOs avoid ‘forward-looking statements,’ while those undergoing mergers have a freer hand to make lofty projections, and leave it to investors to gamble on their success.
While risky for investors, SPAC mergers have been used continually by 3D printing firms as a means of becoming publicly listed and raising capital over the last two years. In late-2020,桌面金属在纽交所上市in a move that saw it raise $580 million, funding it has since deployed to make a string of acquisitions.
最近，Nuburu has unveiled plans for a SPAC mergerwith尾风的收购，预计将筹集3.34亿美元的总收益，并从中获得1亿美元的投资Lincoln Park Capital。Using the funding, the firm says it plans to invest in the R&D of its blue laser technology, and unleash a cross-industry expansion.
To stay up to date with the latest 3D printing news, don’t forget to subscribe to the3D打印行业通讯or follow us on推特or liking our page onFacebook。
当您在这里时，为什么不订阅我们Youtube渠道？包括讨论，汇报，视频短裤和网络研讨会重播。
您是否正在寻找增材制造业的工作？访问3D打印作业在行业中选择一系列角色。
特色图像显示了来自纽约仓库内部的形状标志。
