SCHEDULE 13G/A 0001193805-24-001300 0001730145 XXXXXXXX LIVE 1 Common Stock, $0.05 Par Value 03/31/2025 0000034067 DMC Global Inc. 23291C103 11800 RIDGE PARKWAY SUITE 300 BROOMFIELD CO 80021 Rule 13d-1(c) Voss Value Master Fund, LP E9 0.00 0.00 0.00 0.00 0.00 N 0 PN Voss Value-Oriented Special Situations Fund, LP TX 0.00 0.00 0.00 0.00 0.00 N 0 PN Voss Advisors GP, LLC TX 0.00 0.00 0.00 0.00 0.00 N 0 OO Voss Capital, LP TX 331911.00 0.00 331911.00 0.00 331911.00 N 1.6 OO Cocke Travis W. X1 331911.00 0.00 331911.00 0.00 331911.00 N 1.6 IN DMC Global Inc. 11800 Ridge Parkway, Suite 300, Broomfield, Colorado 80021. The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Voss Value Master Fund, L.P. ("Voss Value Master Fund"); Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund"); Voss Advisors GP, LLC ("Voss GP"); Voss Capital, L.P. ("Voss Capital"); and Travis W. Cocke. Voss Value Master Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Value-Oriented Special Situations Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss GP 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Capital 3773 Richmond, Suite 850 Houston, Texas 77046 Travis W. Cocke 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Value Master Fund Cayman Islands Voss Value-Oriented Special Situations Fund Texas Voss GP Texas Voss Capital Texas Travis W. Cocke USA Y As of the close of business on March 31, 2025: (i) Voss Value Master Fund beneficially owned 0 shares of Common Stock, $0.05 Par Value (the "Shares"); (ii) Voss Value-Oriented Special Situations Fund beneficially owned 0 Shares; (iii) Voss GP beneficially owned 0 Shares; (iv) Voss Capital, as the investment manager of a certain managed account (the "Voss Managed Account"), may be deemed the beneficial owner of the 331,911 Shares held in the Voss Managed Account; and (v) Mr. Cocke, as the managing member of Voss Capital, may be deemed the beneficial owner of the 331,911 Shares held in the Voss Managed Account. The aggregate percentage of the Shares reported owned by each person named herein is based upon 20,241,851 Shares outstanding as of February 18, 2025, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 24, 2025. As of the close of business on March 31, 2025: (i) Voss Value Master Fund beneficially owned 0% of the outstanding Shares; (ii) Voss Value-Oriented Special Situations Fund beneficially owned 0% of the outstanding Shares; (iii) Voss GP beneficially owned 0% of the outstanding Shares; (iv) Voss Capital may be deemed to beneficially own approximately 1.6% of the outstanding Shares (approximately 1.6% of the outstanding Shares are held in the Voss Managed Account); and (v) Mr. Cocke may be deemed to beneficially own approximately 1.6% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. N Y Y Y N See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on November 1, 2024. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Voss Value Master Fund, LP /s/ Travis W. Cocke 05/14/2025 Voss Value-Oriented Special Situations Fund, LP /s/ Travis W. Cocke 05/14/2025 Voss Advisors GP, LLC /s/ Travis W. Cocke 05/14/2025 Voss Capital, LP /s/ Travis W. Cocke 05/14/2025 Cocke Travis W. /s/ Travis W. Cocke 05/14/2025