tiprankstipranks
Velo3D Announces Share Offering to Boost Working Capital
Company Announcements

Velo3D Announces Share Offering to Boost Working Capital

The latest update is out from Velo3D (VLD).

Velo3D, Inc. is set to strengthen its financial position through a securities offering scheduled for April 12, 2024, with the expectation of raising $12 million. The deal includes the sale of over 34 million shares and equivalent warrants at $0.35 each, aiming to bolster the company’s working capital and fund corporate expenditures. Velo3D has also engaged A.G.P./Alliance Global Partners as the placement agent, which will receive a cash fee and additional warrants for their services. This strategic financial move is supported by lock-up agreements from the company’s directors and officers, ensuring commitment to the company’s growth.

See more data about VLD stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskVelo3D Strives to Overcome NYSE Non-Compliance Challenges
TheFlyVelo3D receives continued listing standards notice from NYSE
TheFlyVelo3D announces Mears Machine has acquired a Sapphire XC printer
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!