3D Systems Plans a Reverse Stock Split

3D Systems Corp., a Valencia maker of stereolithography systems, said it will seek stockholder approval for a one-for-three reverse stock split.

The proposed split would reduce the shares of common stock outstanding from 27.5 million to 9.2 million as of May 24. The company wishes to boost its share price to attract more institutional investors, said Terry Slavin, company spokesman. 3D Systems’ stock closed at $5 per share on Monday.