{"id":27623,"date":"2025-04-30T14:39:30","date_gmt":"2025-04-30T12:39:30","guid":{"rendered":"https:\/\/www.voxeljet.de\/?p=27623"},"modified":"2025-05-07T14:48:06","modified_gmt":"2025-05-07T12:48:06","slug":"voxeljet-ag-announces-financial-restructuring-with-starug-procedure","status":"publish","type":"post","link":"https:\/\/www.voxeljet.com\/press-releases\/voxeljet-ag-announces-financial-restructuring-with-starug-procedure\/","title":{"rendered":"voxeljet AG announces financial restructuring with StaRUG procedure"},"content":{"rendered":"

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  1. Home<\/a><\/li><\/ol>[\/vc_column][\/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”0″ bottom_padding=”2″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ bottom_divider=”step_3_4″][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ sticky=”yes” width=”1\/1″][vc_custom_heading text_color=”color-189024″ heading_semantic=”h1″ text_size=”h1″ uncode_shortcode_id=”176860″ text_color_type=”uncode-palette”]voxeljet AG announces financial restructuring with StaRUG procedure after general meeting rejects approval of the sale of the business to Anzu[\/vc_custom_heading][vc_column_text text_lead=”yes” uncode_shortcode_id=”204668″]April 30th, 2025 – At today\u2019s general meeting, the resolution proposal to approve the sale of the business of voxeljet AG (the \u201cCompany<\/strong>\u201d) to companies affiliated with Anzu Partners LLC (\u201eAnzu<\/strong>\u201c) did not receive the required majority of votes. As a result, the transaction announced at the end of last year will not be implemented.[\/vc_column_text][vc_column_text uncode_shortcode_id=”189463″]After the general meeting, the Company\u2019s 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 (\u201cStaRUG<\/strong>\u201d). 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.<\/p>\n

    The planned restructuring measure is aimed at restoring the Company\u2019s 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.[\/vc_column_text][vc_column_text uncode_shortcode_id=”146493″]The restructuring plan provides for an adjustment of the promissory note loans granted by the main creditor. This includes a debt waiver totaling EUR\u00a03,500,000, of which EUR\u00a0500,000 will be waived in the year 2025 and EUR\u00a01,500,000 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.<\/p>\n

    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.[\/vc_column_text][vc_column_text uncode_shortcode_id=”975260″]This will be followed by a capital increase excluding shareholders\u2019 subscription rights. The new shares will be subscribed by the main creditor as investor, who will contribute new equity capital of EUR\u00a02,500,000 as part of the capital increase.<\/p>\n

    The planned measures on the debt and equity side are designed to position the company for long-term competitiveness and economic viability.[\/vc_column_text][vc_column_text uncode_shortcode_id=”559486″]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.<\/p>\n

    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.[\/vc_column_text][vc_column_text uncode_shortcode_id=”722802″]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.[\/vc_column_text][\/vc_column][\/vc_row][vc_row unlock_row_content=”yes” row_height_percent=”0″ override_padding=”yes” h_padding=”0″ top_padding=”2″ bottom_padding=”2″ overlay_alpha=”50″ equal_height=”yes” gutter_size=”0″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ back_image=”17830″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/2″ mobile_height=”340″ el_class=”top-right-triangle top-right-triangle-grey” uncode_shortcode_id=”544588″][\/vc_column][vc_column column_width_use_pixel=”yes” position_horizontal=”left” position_vertical=”middle” gutter_size=”3″ override_padding=”yes” column_padding=”4″ back_color=”color-653726″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/2″ column_width_pixel=”458″ css=”.vc_custom_1587375097216{padding-top: 91px !important;padding-bottom: 75px !important;}”][vc_custom_heading text_size=”h1″ separator_color=”yes” separator=”yes” uncode_shortcode_id=”187180″]Press contact[\/vc_custom_heading][vc_column_text text_lead=”yes” uncode_shortcode_id=”169840″]Frederik von Saldern<\/p>\n

    Tel.: +49 821 7483-447
    \n    frederik.vonsaldern@voxeljet.de<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”4″ bottom_padding=”0″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ enable_bottom_divider=”default” bottom_divider=”gradient” shape_bottom_h_use_pixel=”” shape_bottom_height=”5″ shape_bottom_color=”color-142724″ shape_bottom_opacity=”60″ shape_bottom_index=”0″][vc_column width=”1\/1″][vc_row_inner row_inner_height_percent=”0″ overlay_alpha=”50″ gutter_size=”2″ shift_y=”0″ z_index=”0″ limit_content=””][vc_column_inner column_width_percent=”100″ gutter_size=”2″ back_color=”color-241501″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/2″ css=”.vc_custom_1587023201272{padding-top: 30px !important;padding-right: 20px !important;padding-bottom: 30px !important;padding-left: 20px !important;}”][vc_custom_heading text_color=”color-176892″ heading_semantic=”h3″ text_size=”h3″ text_weight=”400″ uncode_shortcode_id=”135127″ text_color_type=”uncode-palette”]Circular economy: Recycled nylon waste powder from SLS plants can be processed in HSS[\/vc_custom_heading][vc_column_text uncode_shortcode_id=”578000″]In a joint material study, voxeljet, Dressler Group GmbH and Fraunhofer IPA successfully printed recycled PA12 powder from SLS systems using HSS.[\/vc_column_text][vc_button button_color=”color-185255″ size=”btn-link” custom_typo=”yes” font_family=”font-555555″ font_weight=”900″ text_transform=”uppercase” letter_spacing=”fontspace-129229″ icon=”fa fa-caret-right” link=”url:https%3A%2F%2Fwww.voxeljet.com%2Fpress-releases%2Fcircular-economy-in-3d-printing-using-recycled-pa12-powder-reduces-operating-costs-by-up-to-50%2F|title:kreislaufwirtschaft%20im%203d-druck%20-%20recycling%20von%20pa12%20pulver%20reduziert%20betriebskosten%20um%20bis%20zu%2050″ button_color_type=”uncode-palette” uncode_shortcode_id=”175931″]Learn more[\/vc_button][\/vc_column_inner][vc_column_inner column_width_percent=”100″ gutter_size=”2″ back_color=”color-241501″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/2″ css=”.vc_custom_1588944978251{padding-top: 30px !important;padding-right: 20px !important;padding-bottom: 30px !important;padding-left: 20px !important;}” el_class=”footer-teaser-column-right”][vc_custom_heading text_color=”color-176892″ heading_semantic=”h3″ text_size=”h3″ text_weight=”400″ uncode_shortcode_id=”265478″ text_color_type=”uncode-palette”]voxeljet chosen by GE Research as partner for US-funded project[\/vc_custom_heading][vc_column_text uncode_shortcode_id=”791995″]voxeljet is selected by GE Research for a $14.9 million contract to develop advanced manufacturing technologies for the U.S. energy transition.[\/vc_column_text][vc_button button_color=”color-185255″ size=”btn-link” custom_typo=”yes” font_family=”font-555555″ font_weight=”900″ text_transform=”uppercase” letter_spacing=”fontspace-129229″ icon=”fa fa-caret-right” link=”url:https%3A%2F%2Fwww.voxeljet.com%2Fpress-releases%2Fvoxeljet-chosen-by-ge-research-as-partner-for-us-funded-project%2F|title:voxeljet%20von%20GE%20Research%20als%20Partner%20f%C3%BCr%20US%20gef%C3%B6rdertes%20Projekt%20gew%C3%A4hlt” button_color_type=”uncode-palette” uncode_shortcode_id=”213844″]Learn more[\/vc_button][\/vc_column_inner][\/vc_row_inner]

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    After general meeting rejects approval of the sale of the business to Anzu, voxeljet AG announces financial restructuring with StaRUG procedure.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[98],"tags":[],"class_list":["post-27623","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/posts\/27623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/comments?post=27623"}],"version-history":[{"count":5,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/posts\/27623\/revisions"}],"predecessor-version":[{"id":27630,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/posts\/27623\/revisions\/27630"}],"wp:attachment":[{"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/media?parent=27623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/categories?post=27623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.voxeljet.com\/wp-json\/wp\/v2\/tags?post=27623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}