XTPL has announced the successful completion of its Series X share offering. The company raised PLN 27.6 million ($6.6 million) through the private placement of 300,000 common shares.
XTPL is using the proceeds to implement its strategy, which aims to increase commercial revenues tenfold to PLN 100 million ($23.8 million) by 2026. The company plans to strengthen its sales, production, and research and development (R&D) capacities to achieve this target. Funds will also support the expansion of XTPL’s product lines, including the development of a new Delta Printing System (DPS+) designed to fill a niche between prototyping devices and industrial production modules.
The Series X shares will account for 11.3% of XTPL’s share capital following the transaction. The offering was led by Brokerage House Trigon Dom Maklerski S.A. as the bookrunner. XTPL has already completed the first phase of its investment strategy with proceeds from a prior Series V share issue, which raised PLN 36.6 million ($8.7 million).
The company currently has nine active industrial projects, four of which are in advanced stages, targeting sectors like semiconductors and displays. XTPL estimates the potential annual revenue from these projects could reach PLN 400 million ($95.2 million) over their lifecycles, depending on deployment outcomes.
XTPL’s end customers include global manufacturers, such as a South Korean flat-panel display producer, a Taiwanese semiconductor company, and a US-based industrial machine manufacturer listed on the Nasdaq 100 index. The company is also pursuing collaborations with American clients through its Demo Center in Boston.
XTPL expects 2025 to be a pivotal year, with the first industrial implementation of its technology anticipated alongside an increase in orders for its printing systems. Long-term plans include the introduction of multi-head printing technology to expand into new application fields and customer segments.
