Proto Labs Files Registration Statement for Proposed Follow-On Offering

MAPLE PLAIN, Minn.--()--Proto Labs, Inc. (NYSE: PRLB) announced today that it has filed a registration statement with the Securities and Exchange Commission (the “SEC”) for a proposed public offering of $100 million of its common stock offered by certain selling shareholders and Proto Labs. Proto Labs expects that its portion of the offering will result in approximately $3.0 million in proceeds. Proto Labs will not receive any of the proceeds from the sale of the shares sold by the selling shareholders.

The principal purposes of this offering are to facilitate an orderly distribution of shares for the selling shareholders and to increase Proto Labs’ public float. Proto Labs intends to use the proceeds that it receives from the offering to pay the expenses that it incurs in connection with the offering and for working capital and general corporate purposes.

The joint book-running managers of the proposed offering will be Morgan Stanley & Co. LLC and Piper Jaffray & Co. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com; or Piper Jaffray & Co., Attention: Prospectus Department, at 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by email at prospectus@pjc.com

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC’s website at edgar.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Proto Labs, Inc.
Proto Labs is a leading online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. Proto Labs provides “Real Parts, Really Fast” to product developers worldwide. Proto Labs utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for our customers.

Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Proto Labs to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are described in the “Risk Factors” section of the preliminary prospectus relating to the proposed offering, as filed with the SEC, as well as in Proto Labs’ subsequent reports filed with the SEC. Other unknown or unpredictable factors also could have material adverse effects on Proto Labs’ future results. The forward-looking statements included in this press release are made only as of the date hereof. Proto Labs cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Proto Labs expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

Contacts

Investor Relations:
Proto Labs, Inc.
Jack Judd, 763-479-3680
jack.judd@protolabs.com
or
Media Contact:
Proto Labs, Inc.
Bill Dietrick, 763-479-7664
bill.dietrick@protolabs.com
or
LaBreche for Proto Labs, Inc.
Krissy Schoenfelder, 612-392-7613
kschoenfelder@labreche.com

Release Summary

Proto Labs proposed follow-on offering

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Contacts

Investor Relations:
Proto Labs, Inc.
Jack Judd, 763-479-3680
jack.judd@protolabs.com
or
Media Contact:
Proto Labs, Inc.
Bill Dietrick, 763-479-7664
bill.dietrick@protolabs.com
or
LaBreche for Proto Labs, Inc.
Krissy Schoenfelder, 612-392-7613
kschoenfelder@labreche.com