share_log

Velo3D | 424B5: Prospectus

SEC announcement ·  Apr 9 17:06
Summary by Moomoo AI
Velo3D, a leading metal additive manufacturing company, has announced a preliminary prospectus supplement for the issuance of common stock and accompanying warrants. The offering, subject to completion and dated April 9, 2024, is designed to raise capital on a 'reasonable best efforts' basis. The shares and warrants will be immediately separable upon issuance but purchased together. The warrants are exercisable at a set price per share and will expire five years from the date of issuance. This prospectus supplement also registers the shares of common stock issuable upon the exercise of the warrants sold in this offering. The company's common stock is listed on the New York Stock Exchange under the symbol 'VLD.' As of April 8, 2024, the closing sale price was $0.45 per...Show More
Velo3D, a leading metal additive manufacturing company, has announced a preliminary prospectus supplement for the issuance of common stock and accompanying warrants. The offering, subject to completion and dated April 9, 2024, is designed to raise capital on a 'reasonable best efforts' basis. The shares and warrants will be immediately separable upon issuance but purchased together. The warrants are exercisable at a set price per share and will expire five years from the date of issuance. This prospectus supplement also registers the shares of common stock issuable upon the exercise of the warrants sold in this offering. The company's common stock is listed on the New York Stock Exchange under the symbol 'VLD.' As of April 8, 2024, the closing sale price was $0.45 per share. Velo3D has engaged A.G.P./Alliance Global Partners as the placement agent for the securities offered. The securities are expected to be issued in a single closing, with the offering price per share and accompanying warrant fixed for the duration of the offering. The proceeds are intended primarily for funding working capital, capital expenditures, and other general corporate purposes.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more