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ARC Group Worldwide Announces Effectiveness of $10.0 Million Fully Committed Rights Offering
[February 12, 2018]

ARC Group Worldwide Announces Effectiveness of $10.0 Million Fully Committed Rights Offering


DELAND, Fla., Feb. 12, 2018 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ:ARCW), a leading global provider of advanced manufacturing and metal 3D printing solutions, today announced the effectiveness of its previously disclosed fully committed $10.0 million rights offering (the “Rights Offering”).  The Company has also entered into Rights Offering backstop agreements with certain Company stockholders.  The Company thus is highly confident it will raise an aggregate of $10.0 million in gross proceeds following the closing of the Rights Offering.

The Board of Directors has set the Rights Offering subscription price for the purchase of common stock, par value $.0005 per share (the “Common Stock”), at $2.00 per whole share (the “Purchase Price”).  The rights and securities offered for subscription in the Rights Offering have been registered with the Securities and Exchange Commission (the “SEC”) in a Registration Statement on Form S-1 which has been declared effective.  The Company's final prospectus covering the Rights Offering was filed with the SEC on February 9, 2018.  The Rights Offering will remain open until February 25, 2018.  The Company will issue 5,000,000 shares of Common Stock pursuant to the Rights Offering.

The record date for eligibility to participate in the Rights Offering was set as February 6, 2018 (the “Record Date”).  The Company will distribute to each stockholder of record as of the Record Date, at no charge, non-transferable subscription rights allocated proportionately to their respective percentage ownership of the Company.  Each right will entitle the holder to purchase 0.273 shares of Common Stock.  The Company will not issue fractional shares or cash in lieu of fractional shares in the Rights Offering.  Any fractional shares resulting from the exercise of rights will be eliminated by rounding down to the nearest whole share.  

Stockholders who exercise their basic subscription rights in full will be entitled to over-subscribe for additional shares of Common Stock at the same Purchase Price per share, subject to allocation among exercising stockholders in the manner described in the prospectus. 

The Company intends to commence mailing on or about February 13, 2018 an offering subscription package, including a copy of the final prospectus and other additional materials related to the Rights Offering, to holders of Common Stock as of the Record Date.  Copies of the prospectus supplement relating to the rights offering may be obtained from the subscription agent for the Rights Offering:

Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS IWS
51 Mercedes Way
Edgewood, NY 11717
Phone: 855-793-5068

Stockholders who hold their shares though a broker, custodian bank or other nominee will be notified of the Rights Offering by such broker, custodian bank or other nominee and must instruct such broker, custodian bank or other nominee whether or not to exercise subscription rights on their behalf by completing and returning to such broker, custodian bank or other nominee the form entitled “Beneficial Owner Election Form.”

This press release is for informational purposes only.  The Rights Offering is being made only pursuant to the prospectus and non-transferable subscription rights certificate, which are being distributed to holders of Common Stock and have been filed with the SEC as part of the Rights Offering registration statement.  Stockholders should carefully read the prospectus because it contains important information.  Stockholders may review (at no cost) the prospectus and other documents relating to the Rights Offering at the SEC's web site at www.sec.gov by clicking “Company Filings” as shown on the home page of that website and on the next page by entering the Company's ticker symbol ARCW in the “Fast Search” box. 

Neither the Company, nor its Board of Directors, is making any recommendation to Stockholders as to whether to exercise their subscription rights. 


The statements contained in this release that are not purely historical are forward-looking statements within the meaning of applicable securities laws.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy the rights or the shares of Common Stock underlying the Right Offering nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About ARC Group Worldwide, Inc.

ARC Group Worldwide, Inc. is a global advanced manufacturing and metal 3D printing service provider focused on accelerating speed to market for its customers.  ARC provides a holistic set of precision manufacturing solutions, from design and prototyping through full run production.  These solutions include metal injection molding, metal 3D printing, metal stamping, plastic injection molding, clean room injection molding, thixomolding, and rapid and conformal tooling.  Further, ARC utilizes technology to improve automation in manufacturing through robotics, software and process automation, and lean manufacturing to improve efficiency.

Forward Looking Statements

This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC’s current expectations, estimates and projections about future events.  These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC’s ability to expand its services and realize growth.  These statements are not historical facts or guarantees of future performance, events or results.  Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries.  Accordingly, actual results may differ materially.  ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.  For further information on risks and uncertainties that could affect ARC’s business, financial condition and results of operations, readers are encouraged to review Item 1A. – Risk Factors and all other disclosures appearing in ARC’s Form 10-K/A for the fiscal year ended June 30, 2017, and the Risk Factors set forth in the final prospectus for the Rights Offering, as well as other documents ARC files from time to time with the Securities and Exchange Commission.

PHONE: (303) 467-5236
Email: InvestorRelations@ARCW.com

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