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Velo3D | PRE 14A: Preliminary proxy statements relating to merger or acquisition

SEC announcement ·  Apr 19 16:46
Summary by Moomoo AI
On April 19, 2024, Velo3D, Inc. filed a preliminary proxy statement with the SEC, announcing the upcoming 2024 Annual Meeting of Stockholders to be held virtually on June 10, 2024. The meeting will address several key proposals, including the election of three Class III directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and notably, a reverse stock split of Velo3D's common stock. The reverse stock split, proposed at a ratio ranging from 1-for-5 to 1-for-50, aims to increase the per-share market price to comply with NYSE's minimum price requirements and enhance the stock's marketability. The company's Board will determine the exact ratio and may decide not to proceed with the reverse stock split if it's deemed no longer beneficial...Show More
On April 19, 2024, Velo3D, Inc. filed a preliminary proxy statement with the SEC, announcing the upcoming 2024 Annual Meeting of Stockholders to be held virtually on June 10, 2024. The meeting will address several key proposals, including the election of three Class III directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and notably, a reverse stock split of Velo3D's common stock. The reverse stock split, proposed at a ratio ranging from 1-for-5 to 1-for-50, aims to increase the per-share market price to comply with NYSE's minimum price requirements and enhance the stock's marketability. The company's Board will determine the exact ratio and may decide not to proceed with the reverse stock split if it's deemed no longer beneficial. Additionally, stockholders will vote on approving the issuance of common stock related to senior secured convertible notes and warrants, which is necessary to comply with NYSE's 20% rule and avoid potential delisting. The Board recommends voting 'FOR' all proposals. The meeting materials are available online, and stockholders are encouraged to vote regardless of their attendance plans.

This announcement is a separate document:

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