Core Viewpoint - DMC Global Inc. has received a non-binding proposal from Steel Connect to acquire all outstanding shares of the company for $10.18 per share in cash [1] Group 1: Proposal Details - The proposal is currently under consideration by DMC's board of directors, who will consult with legal and financial advisors [2] - The proposal is subject to further due diligence by Steel Connect, and there is no assurance that a definitive agreement will be executed [3] Group 2: Advisory Information - BofA Securities is acting as the financial advisor to DMC, while Womble Bond Dickinson (US) LLP and Richards, Layton & Finger, P.A. are serving as legal advisors [4] Group 3: Company Overview - DMC Global operates innovative, asset-light manufacturing businesses, providing highly engineered products and differentiated solutions across various markets, including architectural building products, energy, and industrial infrastructure [5]

Company Overview - DMC Global Inc. is an owner and operator of innovative, asset-light manufacturing businesses that provide unique, highly engineered products and differentiated solutions [3] - The company has established leadership positions in its respective markets, which include Arcadia (architectural building products), DynaEnergetics (global energy industry), and NobelClad (industrial infrastructure and transportation sectors) [3] - DMC Global is based in Broomfield, Colorado, and trades on Nasdaq under the symbol "BOOM" [3] Upcoming Financial Results - DMC Global will announce its 2024 fourth quarter financial results after the stock market closes on February 24, 2025 [1] - Following the earnings release, executive management will host a conference call and simultaneous webcast at 5 p.m. Eastern (3 p.m. Mountain) [1] - Investors can access the conference call by dialing 877-407-5783 (or +1-201-689-8782 for international callers) [1] Webcast Information - Investors are invited to listen to the webcast live via the Internet at a specified link [2] - The webcast will also be available on the Investor page of DMC's website and a replay will be accessible for six months [2] - For additional information, contact details for the Vice President of Investor Relations are provided [2]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased DMC Global Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the DMC Global securities is from January 29, 2024, to November 4, 2024 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by February 4, 2025, to serve as lead plaintiff [2]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, DMC Global made false or misleading statements regarding its operations and financial results [4]. - Specific claims include overstated goodwill associated with Arcadia Products and inadequate internal systems affecting operations [4]. - The lawsuit asserts that these misrepresentations led to investor damages when the true details became public [4].

Leadership Change - Jim Schladen rejoins Arcadia Products LLC as president effective February 3 2025 [1] - Jim Schladen previously served as Arcadia president from 2000 until retirement in January 2023 [1] - Chris Scocos served as interim president since November 2024 and will continue as interim vice president of operations [4] Arcadia Business Performance - Arcadia grew from small California-based business to leading regional supplier under Jim Schladen's leadership [2] - Achieved double-digit compound annual sales growth and industry-leading profitability from 2010 until retirement [2] - Operates sales locations and production facilities throughout western and southwestern United States [2] - Provides commercial exterior and interior aluminum framing solutions to high-growth regions [2] Executive Background - Jim Schladen began career at Arcadia in 1986 [4] - Co-founded Wilson Partitions which was acquired by Arcadia in 1998 [4] - Held roles as head of sales for Arcadia Commercial Exteriors and president of Commercial Interiors [4] - Earned bachelor's degree in business economics from University of California Los Angeles [4] Company Overview - DMC Global owns and operates innovative asset-light manufacturing businesses [5] - Businesses include Arcadia DynaEnergetics and NobelClad [5] - Arcadia is leading supplier of architectural building products [5] - DynaEnergetics serves global energy industry [5] - NobelClad addresses global industrial infrastructure and transportation sectors [5] - Based in Broomfield Colorado and trades on Nasdaq under symbol "BOOM" [5]

Core Viewpoint - DMC Global Inc. is facing a federal securities class action due to alleged misleading statements and financial misrepresentations during the Class Period from May 5, 2024, to November 4, 2024 [1][5]. Financial Performance - DMC Global's third quarter sales for 2024 are expected to be approximately $152 million, down from prior guidance of $158 million to $168 million [3]. - The company reported a net loss of $159.4 million for Q3 2024, with adjusted EBITDA of $5.7 million [4]. - A significant non-cash goodwill impairment charge of approximately $142 million is expected due to the underperformance of Arcadia Products, which was acquired in December 2021 [3]. Stock Performance - Following the announcement of weaker-than-expected sales and the goodwill impairment charge, DMC Global's share price dropped by approximately 18%, from $12.93 to $10.57 per share [3]. - After the release of Q3 financial results, the share price further declined from $9.84 to $9.25 per share [4]. Legal Allegations - The complaint alleges that DMC Global made false or misleading statements regarding the goodwill associated with Arcadia and failed to disclose inadequate internal systems affecting operations [5]. - It is claimed that these misrepresentations led to inaccurate public disclosures and guidance regarding the company's financial health [5].

ATLANTA, Jan. 27, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against DMC Global Inc. (“DMC Global” or the “Company”) (NASDAQ: BOOM). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about DMC Global’s business, operations, and prospects, including allegations that: (i) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that repor ...

BROOMFIELD, Colo., Jan. 27, 2025 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) (“DMC” or the “Company”) today responded to Steel Connect, Inc.’s (“Steel Connect”) letter to DMC stockholders. DMC’s board of directors (the “Board”), consistent with its fiduciary duties, regularly engages with third parties, including Steel Connect, that express interest in DMC and its businesses. Steel Connect has been afforded access to essentially the same information on substantially the same basis as other third part ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In DMC To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in DMC between May 3, 2024 and November 4, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a le ...

Core Viewpoint - DMC Global Inc. investors who have experienced significant losses are being encouraged to participate in a class action lawsuit led by Bronstein, Gewirtz and Grossman, LLC [1] Group 1 - The law firm is announcing an opportunity for investors to lead a class action lawsuit against DMC Global Inc. due to substantial financial losses [1] - The announcement highlights the potential for investors to seek recovery for their losses through legal action [1] - The firm is actively seeking individuals who have suffered losses to join the lawsuit [1]

INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DMC ...