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Tuesday, Apr 23, 2024

3D Systems Converts Outstanding Shares

3D Systems Corp., a provider of 3-D printing, prototypes and manufacturing based in Valencia, announced Friday that all of its outstanding shares of Series B Convertible Preferred Stock were converted by shareholders into Common Stock on June 8. The shares were converted because of redemption of the preferred stock. 3D Systems has issued more than 2.6 million shares of its common stock to shareholders of preferred stock. 3D Systems plans to include $1 million of dividend expenses in its financial statements for the second quarter of 2006 due to the conversion.

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