3D Systems' (NYSE:DDD) stockholders have approved an amendment to its Certificate of Incorporation to increase the authorised number of shares of Common Stock from 120 million to 220 million.
The announcement was made yesterday (May 21st) at the company's annual meeting and follows a recent spike in the company's share price on the New York Stock Exchange, with unit prices soaring to the fresh 52-week high of $48.86.
Avi Reichental, President and Chief Executive Officer of 3D Systems, commented: "We are grateful to our stockholders for their support. This increase in our authorised shares restores our flexibility to use newly issued shares of our common stock for appropriate corporate purposes."
At close of play last night on Wall Street, shares in 3D Systems suffered a marginal retreat, slipping to $48.43 per unit, but this is still nearly $30 higher than 3D Systems' share price was 12 months ago.
