FRIEDBERG, Germany- voxeljet AG (the “Company”, “voxeljet”, or “we”), a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that main investor Anzu Special Acquisition Corp II (“Anzu”) will contribute new equity capital of EUR 2.5 million as part of a plan confirmed today by the court in Munich. The plan additionally provides for a debt waiver totalling EUR 3.5 million debt owed to Anzu and extension of the debt maturity until 2031. These measures are intended to ensure the Company’s long-term financing and position voxeljet for future success.

CEO Rudolf Franz comments: “We implemented the necessary process in a short period of time to minimize disruption to our operating business. With the court’s confirmation of the plan, we believe this phase of the process is complete.”

Franz added: “This plan provides continuity of our operations, reinforcing our commitment to reliably serving our customers and meeting their ongoing and future needs. The plan will secure sustainable financial stability and can lead voxeljet into a successful future.”

The court confirmed the plan in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG) (“StaRUG Plan”). As previously communicated, the plan provides for a simplified reduction of the share capital of voxeljet AG to zero euros. The court-confirmed plan will result in the exclusion of the current shareholders of voxeljet AG without compensation. Subsequently, the company’s capital will be increased excluding the subscription rights of the current shareholders. Anzu, as the only financial creditor affected by the plan, will exclusively be admitted to subscribing to the new shares.

The debt waiver will be composed of EUR 500,000 to be waived in 2025 and EUR 1,500,000 in each of 2026 and 2027. Furthermore, the annual interest rate will be reduced to 3% p.a. from July 2026 onwards. No interest payments are due until after June 30, 2026. The plan also stipulates that the promissory note loans will only become due for repayment on January 2, 2031.

The plan shall be implemented immediately after the plan confirmation becomes legally binding.

After the general meeting, the Company’s main creditor, which is affiliated with Anzu, agreed to provide financial contributions as part of a restructuring plan in accordance with the German Company Stabilization and Restructuring Act (“StaRUG”). Subsequently, the management board and supervisory board of the Company decided to file a restructuring measure in accordance with StaRUG with the Local Court of Munich at short notice.

The planned restructuring measure is aimed at restoring the Company’s financial capability. A targeted realignment of the capital structure is intended to improve the short-term liquidity situation, reduce the debt burden and strengthen the equity base.

The restructuring plan provides for an adjustment of the promissory note loans granted by the main creditor. This includes a debt waiver totaling EUR 3,500,000, of which EUR 500,000 will be waived in the year 2025 and EUR 1,500,000 in each of the years 2026 and 2027. In addition, the annual interest rate will be reduced to 3% p.a. from July 2026 onwards. No interest payments are due between August 2025 and June 2026. The term of the loans will be extended until at least 2030.

The restructuring plan also provides for a simplified reduction of the share capital of voxeljet AG to zero. The implementation will result in the exclusion of the current shareholders of voxeljet AG without compensation.

This will be followed by a capital increase excluding shareholders’ subscription rights. The new shares will be subscribed by the main creditor as investor, who will contribute new equity capital of EUR 2,500,000 as part of the capital increase.

The planned measures on the debt and equity side are designed to position the company for long-term competitiveness and economic viability.

Since it is not predominantly likely that the capital measures envisaged in the restructuring plan will obtain the necessary approval of the general meeting (at least 75% of the share capital present), the restructuring plan shall be implemented in accordance with StaRUG.

On this basis, the Company will work with its advisors to prepare further documentation at short notice. The implementation of the agreement on the restructuring plan will remain subject to customary closing conditions.

The preparation, auditing, and publication of the annual and consolidated financial statements of voxeljet AG will only be possible once the implementation of the restructuring plan has been secured. As a result, the publication of the annual and consolidated financial statements for 2024 will be delayed and cannot take place until the second half of August 2025 at the earliest.

High quality standards, certified processes and test redundancy ensure consistent binder quality within narrow tolerance ranges and enable an extended warranty on the voxeljet Furan Binder System. This means that the quality of the print results is consistently stable. In addition, customers receive rapid support from the technical contacts of both partners for any questions and requirements that arise.

Customers order the materials through voxeljet’s international locations, with delivery directly from Hüttenes-Albertus. Local warehousing at the HA Group sites shortens replenishment times and ensures the availability of the binder system.

Both companies are pursuing the common goal of supporting their customers in the digitalization of core and mold manufacturing processes. More than 20 years of experience in the development of 3D printing binder systems have been invested in the development of the voxeljet Furan Binder System. The results have been validated and offer the following benefits:

The collaboration between voxeljet and the HA Group represents an important step in the further development of 3D printing for the foundry industry. By combining decades of experience with advanced know-how in the voxeljet Furan Binder System, companies can benefit from a high-performance binder system to maximize process reliability. They also receive additional protection for their production processes through the additional warranty and reliable service. In the event of an unexpected print head failure, a quick and cost-effective replacement is offered to reduce downtime. This partnership demonstrates how companies can work together to develop solutions that meet the needs of the industry while being more efficient and environmentally friendly.