Voxeljet AG Initiates Financial Restructuring via StaRUG

voxeljet AG has announced a financial restructuring through the German Company Stabilization and Restructuring Act (StaRUG) after the general meeting rejected the sale of its business to Anzu Partners LLC affiliates. This decision was made after the sale proposal did not acquire the necessary majority votes.

The main creditor, affiliated with Anzu, will contribute financially under a restructuring plan to restore the company’s financial health. The plan involves realigning the capital structure to enhance liquidity, reduce debt, and strengthen equity.

Key aspects include a debt waiver totaling EUR 3.5 million and a loan term extension to at least 2030. Additionally, the share capital of voxeljet AG will be reduced to zero, with a subsequent capital increase by the main creditor investing EUR 2.5 million.

These measures aim to ensure the company's long-term competitiveness and economic viability, with implementation under StaRUG expected since shareholder approval is uncertain.