3D Systems Corporation entered into an agreement to acquire Oqton, Inc. for approximately $190 million.

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million on September 8, 2021. The purchase consideration for this transaction totaled $180 million, with $106 million to be paid in cash and the remaining portion to be paid in shares of the 3D Systems' Common Stock, subject to customary closing conditions and adjustments. The transaction is subject to obtaining all consents of Governmental Authorities required to be obtained prior to the Closing Date, including the receipt of all clearances, approvals, authorizations, and waiting period expirations or terminations as may be required in connection with the transactions described herein under the Antitrust Laws shall have been obtained in form and substance reasonably satisfactory to both 3D Systems Corporation and Oqton, Inc. The Merger Agreement also includes customary termination provisions, including if the Closing of the Transaction has not occurred on or before November 9, 2021, which will be automatically extended for an additional thirty (30) days if certain closing conditions have not been satisfied by November 9, 2021.

The transaction is expected to close in the fourth quarter of 2021. Jennifer Wang of Redwood Legal Group, P.C. acted as legal advisor for Oqton and Brian L. Hager of McGuireWoods LLP acted as legal advisor for 3D Systems Corporation.