Xometry Inc., a leading AI-powered marketplace for manufacturing services, has announced plans to offer $225 million in Convertible Senior Notes due 2030. These notes will be general unsecured obligations and will accrue interest payable semiannually. Upon conversion, Xometry has the flexibility to pay in cash, shares of its Class A common stock, or a combination of both. The company intends to use the proceeds from this offering to finance capped call transactions, repurchase shares of its Class A common stock, and redeem a portion of its existing 1.00% Convertible Senior Notes due 2027. Additionally, Xometry may utilize any extra funds for working capital, corporate purposes, and potential strategic investments.
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