Velo3D, Inc. Announces Pricing of $17.5 Million Public Offering of Common Stock and Uplisting to Nasdaq

Core Points - Velo3D, Inc. announced a public offering of 5,833,333 shares at $3.00 per share, aiming for gross proceeds of approximately $17.5 million [1] - The company plans to use the net proceeds for working capital, capital expenditures, and general corporate purposes [1] - Trading of Velo3D's common stock is expected to commence on the Nasdaq Capital Market under the ticker "VELO" on August 19, 2025 [1] Offering Details - Lake Street Capital Markets, LLC is the sole book-running manager for the offering [2] - The underwriters have a 30-day option to purchase an additional 875,000 shares at the public offering price [3] - The offering is expected to close on or about August 20, 2025, subject to customary closing conditions [3] Regulatory Information - A Registration Statement on Form S-1 was declared effective by the SEC on August 18, 2025 [4] - The offering is being made only by means of a prospectus that is part of the effective registration statement [4] - Trading of the company's common stock under the symbol "VLDX" on the OTCQX was suspended on August 18, 2025 [4] Company Overview - Velo3D specializes in metal 3D printing technology, focusing on additive manufacturing for high-value metal parts [6] - The company has developed solutions that allow for greater design freedom, enabling the production of mission-critical parts in various industries [7] - Velo3D's integrated solution includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, powered by the Intelligent Fusion manufacturing process [7]