share_log

Velo3D | 424B5: Prospectus

SEC announcement ·  Apr 11 06:04
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
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 does not expect a trading market to develop for the warrants. Velo3D is classified as an 'emerging growth company' and a 'smaller reporting company,' which allows for reduced public company reporting requirements. The offering is expected to close on or about April 12, 2024, subject to customary closing conditions. A.G.P./Alliance Global Partners is acting as the placement agent for the offering.

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