Velo3D, Inc. (NYSE: VLD), a leading player in additive manufacturing technology specializing in mission-critical metal parts, has revealed plans for a proposed public offering. The offering, conducted on a “reasonable best efforts” basis, is solely intended by Velo3D, Inc., subject to market conditions.
The company aims to utilize the net proceeds primarily for bolstering working capital, capital expenditures, and other general corporate purposes. This includes the repayment of the Company’s senior secured notes due 2026 and other permissible indebtedness.
A.G.P./Alliance Global Partners has been appointed as the exclusive placement agent for the offering, operating on a reasonable best-efforts basis.
This proposed offering is in line with an effective shelf registration statement on Form S-3 (File No. 333-268346) previously filed with the U.S. Securities and Exchange Commission (SEC), declared effective on November 21, 2022. The offering will be conducted through a prospectus supplement and accompanying base prospectus, with preliminary details to be filed with the SEC and available on its website.
Interested parties considering investment in this offering are advised to thoroughly review the prospectus supplement, accompanying prospectus, and other related documents filed by the Company with the SEC, providing comprehensive insights into Velo3D and the offering.
