Corporate ActionMay 15, 2026, 05:32 PM
Velo3D Establishes $100M At-The-Market Equity Offering
AI Summary
Velo3D, Inc. has established a new "at-the-market" equity offering program, allowing it to sell up to $100 million of its common stock through Needham & Company, LLC, Cantor Fitzgerald & Co., and Craig-Hallum Capital Group, LLC. The company intends to use any net proceeds for working capital and general corporate purposes. Concurrently, Velo3D terminated its previous sales agreement with Needham & Company, LLC, without incurring any penalties.
Key Highlights
- Velo3D entered into a new sales agreement for an at-the-market offering of common stock.
- The company may sell up to $100,000,000 worth of common stock through the Sales Agents.
- Needham & Company, LLC, Cantor Fitzgerald & Co., and Craig-Hallum Capital Group, LLC will act as sales agents.
- The company will pay the Sales Agents a commission equal to 3.0% of the aggregate gross proceeds.
- Net proceeds from the offering are intended for working capital and general corporate purposes.
- Velo3D terminated its prior sales agreement with Needham & Company, LLC, effective May 15, 2026.
Price Impact
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