Shapeways (NASDAQ: SHPW ) stock is taking off on Monday alongside heavy pre-market trading of the 3D printed products company's shares. That has more than 9.9 million shares of SHPW stock changing hands as of this writing.
Shapeways (NASDAQ: SHPW ) stock is falling hard on Wednesday after the 3D printed products company filed for Chapter 7 bankruptcy. According to the company's filing with the Securities and Exchange Commission (SEC), Shapeways has ceased all operations after considering all strategic alternatives.
NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW) (“Shapeways” or the “Company”), a leader in the large and fast-growing digital manufacturing industry, today announced that it received a notice (the “Notice”) on May 22, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it is not currently in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”), as a result of the Company's failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) within the prescribed timeframe. The Notice has no immediate effect on the listing or trading of the Company's common stock or publicly traded warrants.
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Industrial - Machinery Industry | Industrials Sector | Gregory Kress CEO | BCBA Exchange | US81947T2015 ISIN |
US Country | 203 Employees | - Last Dividend | 23 Jun 2023 Last Split | 14 Nov 2019 IPO Date |
Shapeways Holdings, Inc. operates as a powerhouse in the realm of digital manufacturing, offering a comprehensive platform called Otto that empowers users to convert digital designs into tangible products through 3D printing and other additive manufacturing techniques. Founded in 2008 with its headquarters in New York, the company extends its innovative services globally, catering to a wide range of industries including medical, consumer products, robotics, architecture, aerospace, gaming, drones, education, and jewelry. By leveraging advanced manufacturing technologies, Shapeways Holdings, Inc. aims to revolutionize the way products are designed, produced, and delivered, making customized and complex designs more accessible to a broad audience.
This platform enables users to seamlessly transform digital designs into physical products. It encompasses a range of additive manufacturing services, presenting a revolutionary approach to product creation.
Shapeways offers a variety of 3D printing and rapid prototyping services, alongside professional design services. This suite of options provides flexibility and innovation in creating custom products.
Aside from its cutting-edge 3D printing capabilities, the company also provides conventional manufacturing services. These include injection molding, sheet metal fabrication, urethane and vacuum casting, CNC machining, and machine tooling, catering to a broad spectrum of production needs.
The materials offered include nylon 12, thermoplastic polyurethane, polypropylene, thermoplastic elastomer, and nylon 11, designed for robust and flexible product applications.
Materials such as stainless steel, steel, and sandstone are available for binder jetting processes, enabling the creation of intricate details and strong products.
This service offers high-quality, durable materials for creating complex and detailed products efficiently.
Materials like accura 60, accura xtreme, and accura xtreme 200 are used for stereolithography processes, known for their precision and fine details.
Shapeways provides aluminum for selective laser melting, catering to needs for lightweight, yet strong products.
The company offers fine detail plastic, multi-color polyjet, and high definition full color options for detailed and colorful product applications.
A variety of metals including copper, platinum, gold, silver, bronze, brass, rhodium, and gold plated brass are available for wax casting, ideal for jewelry and detailed metal components.