Subsequent Events |
12 Months Ended |
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Dec. 31, 2024 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 19. Subsequent Events
Entry into PIPE Transaction
On February 2, 2025, the Company entered into a securities purchase agreement (the “PIPE SPA”) with Fortissimo Capital Fund VI, L.P. (together with its affiliates, collectively, “Fortissimo”), an Israeli private equity fund, pursuant to which Fortissimo will invest $120 million in Stratasys and acquire 11,650,485 newly-issued ordinary shares (such transaction, the “PIPE”). Upon (and subject to) completion of the PIPE, Fortissimo will hold approximately 15.5% of the Company's issued and outstanding ordinary shares. The PIPE is expected to close during the second quarter of 2025, subject to review by the U.S. Committee on Foreign Investment in the United States and other customary closing conditions. In connection with its entry into the PIPE SPA, the Company’s board of directors agreed to exempt any acquisition of ordinary shares by Fortissimo pursuant to the PIPE and thereafter from the applicability of the New Rights Plan. Instead, Fortissimo will be subject to certain standstill and voting restrictions under a shareholder agreement to be entered into upon (and subject to) the closing of the PIPE.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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