Corporate ActionApr 27, 2026, 05:32 PM
VELO Prices $50M Registered Direct Offering of 3.57M Shares at $14.00
AI Summary
Velo3D, Inc. announced the pricing of a firm commitment underwritten registered direct offering of 3,571,428 shares of its common stock at $14.00 per share. This offering is expected to generate gross proceeds of approximately $50 million for the company. The net proceeds are intended for working capital and general corporate purposes, with the offering expected to close around April 28, 2026.
Key Highlights
- Priced a registered direct offering of common stock.
- Offering includes 3,571,428 shares of common stock.
- Price per share set at $14.00.
- Gross proceeds from the offering are approximately $50 million.
- Cantor Fitzgerald & Co. is acting as the sole book-running manager.
- Net proceeds will be used for working capital and general corporate purposes.
- Offering is expected to close on or about April 28, 2026.
Price Impact
More from VELO