Summary by Moomoo AI
Velo3D, a prominent 3D printing company, announced a significant offering of 34,285,715 shares of common stock, accompanied by warrants to purchase up to an equivalent number of shares. The offering is on a 'reasonable best efforts' basis, with each share of common stock being sold with one warrant. The combined public offering price per share and accompanying warrant is set at $0.35. The warrants, exercisable at $0.35 per share, will expire five years from the date of issuance. This prospectus supplement also registers the common stock issuable upon the exercise of the warrants sold in this offering. Velo3D's common stock is listed on the New York Stock Exchange under the symbol 'VLD,' with a closing sale price of $0.4646 per share as of April 9, 2024. The company...Show More