Velo3D, Inc. Announces Reverse Stock Split

Core Viewpoint - Velo3D, Inc. has announced a 1-for-15 reverse stock split of its common stock to prepare for a potential listing on a national securities exchange, with the split expected to take effect on July 28, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 15 shares of common stock into one new share, reducing the outstanding shares from approximately 211,011,238 to about 14,067,416 [3]. - The reverse stock split was approved by Velo3D's stockholders on June 27, 2025, and the final ratio was determined by the board on July 18, 2025 [1][3]. - The CUSIP number for the common stock will change to 92259N 302, and the trading symbol will temporarily change to "VLDXD" for 20 business days [1][2]. Group 2: Impact on Shareholders - Fractional shares will not be issued; instead, stockholders entitled to a fractional share will receive one full share [3]. - The number of authorized shares will remain at 500,000,000, and the par value will stay at $0.00001 per share [2][3]. - Proportional adjustments will be made to the exercise prices of outstanding stock options and warrants, as well as to equity-based awards [3]. Group 3: Company Overview - Velo3D specializes in additive manufacturing technologies for mission-critical metal parts, enabling the production of complex designs previously deemed impossible [6][7]. - The company has developed a fully integrated solution that includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, powered by its Intelligent Fusion manufacturing process [7]. - Velo3D has been recognized as one of Fast Company's Most Innovative Companies for 2024 and has partnered with notable companies such as SpaceX and Honeywell [7].