DMC Global agrees to extend timing of put option on Arcadia Products business

DMC Global (BOOM) has reached an agreement with its Arcadia Products, LLC (“Arcadia”) joint venture partners, the Munera family, that establishes September 6, 2026, as the earliest date DMC can be required to purchase the remaining 40% of Arcadia under the put option contained in Arcadia’s operating agreement. DMC acquired its 60% controlling interest in Arcadia on December 23, 2021. The put option would have otherwise become exercisable on December 23, 2024. DMC continues to have a right to acquire the remaining 40% of Arcadia pursuant to a call option that becomes exercisable on December 23, 2024.