XJet, which makes and sells 3D printers for metal and ceramic end-use parts, withdrew its plans for an initial public offering on Friday. It originally filed in April 2023 and most recently planned to raise $6 million by offering 1.6 million shares at $4. The company had not updated its prospectus since September.
The Rehovot, Israel-based company was founded in 2005 and booked $6 million in revenue for the 12 months ended December 31, 2022. It had planned to list on the Nasdaq under the symbol XJET. Aegis Capital Corp. was set to be the sole bookrunner on the deal.
