3D printer manufacturer Stratasys (SSYS) has filed a shareholder Rights Plan with the US Securities and Exchange Commission (SEC). Speaking to 3D Printing Industry Stratasys CCO Yonah Lloyd , said, “The limited duration Rights Plan, which is similar to those adopted by many other publicly-traded companies, was a prudent decision by the board, and adopting it is intended to protect the long-term interests of the company and all Stratasys shareholders.”
The filing follows Nano Dimension’s purchase of a 12.1% stake in Stratasys, using some of the $1.5 billion in cash from multiple investment rounds.
Stratasys’ Rights Plan gives shareholders the right to buy further shares in the firm for $0.01 in proportion to their current holdings for each one bought by any ‘acquiring person’ that owns 15% or more of the company. Coming into force on August 4, 2022, the plan is a…
