Innodata Inc (MTLS)

[Windbag1014]

Any guesses on what they will do with the money? They seem to have plenty of cash. Paying down debt with interest rates as low as they are doesn't seem to be the obvious answer to me. Is there an acquisition in the works? Stock price isn't attractive right now. I have an email into IR but this just seems weird to me.

edit: Never mind. I guess you just need to read.

https://ih.advfn.com/stock-market/NASDAQ/materialise-nv-MTLS/stock-news/85332619/prospectus-filed-pursuant-to-rule-424b5-424b5


Recent Developments

On April 13, 2021, we announced that we had acquired an option to buy Link3D Inc. (“Link3D”), an additive workflow and manufacturing execution systems (“MES”) company. Link3D offers additive MES workflow software to help companies scale their digital manufacturing operations across complex supply chains and IT environments. Link3D’s MES and workflow solutions help bolster overall adoption of additive manufacturing (“AM”) for series production in major manufacturing industries, including aerospace, automotive, consumer, medical and energy.

If we exercise the option, we expect the acquisition will extend our ability to help companies gain control of their manufacturing floor as they scale up their AM capability into volume production. In addition, we expect the acquisition will allow us to accelerate our ability to offer cloud-based access to our integrated software platform. We also expect the acquisition to broaden our industrial customer base across North America, Europe and Asia Pacific, and offer Link3D customers a seamless connection to our Magics 3D print suite.

We expect to exercise our option to buy Link3D Inc. before the end of 2021. However, the acquisition is subject to a number of customary closing conditions and there can be no assurances as to whether or when it may be completed. For more information, see Note 18 to our unaudited condensed consolidated interim financial statements filed as Exhibit 99.1 to our Report on Form 6-K filed with the SEC on June 9, 2021, which report is incorporated by reference in this prospectus supplement.

On June 1, 2021, we entered into a settlement agreement with Osteoplastics, LLC in connection with the patent infringement lawsuit filed by Osteoplastics, LLC on March 20, 2020, as described on page 6 of our Annual Report on Form 20-F for the year ended December 31, 2020. Pursuant to the settlement agreement, we agreed to file documents seeking to withdraw or terminate all petitions for review (the “IPR Procedure”) of seven asserted patents owned by Osteoplastics, LLC with the Patent Trial and Appeal Board of the United States Patent and Trademark Office (the “PTAB”). On June 3, 2021, we filed a Motion to Dismiss with the PTAB regarding the IPR Procedure, and in a decision dated June 4, 2020, the PTAB granted our Motion to Dismiss.