Velo3D announces $17.5 million public offering and uplisting to Nasdaq
Velo3D, Inc, Fremont, California, USA, has announced a public offering of 5,833,333 shares of its common stock at $3.00 per share, valued at a total of approximately $17.5 million. The company said it intends to use the net proceeds from the offering for working capital, capital expenditures and general corporate purposes.
Velo3D’s common stock is expected to commence trading on the Nasdaq Capital Market on August 19, 2025 under the ticker symbol ‘VELO’, subject to continued compliance with Nasdaq rules.
In addition, the company has granted the representative of the underwriters a 30-day option to purchase up to an additional 875,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about August 20, 2025, subject to customary closing conditions.
Pending the commencement of trading of Velo3D’s common stock on Nasdaq, trading of the company’s common stock under the symbol ‘VLDX’ on the OTCQX was suspended at the close of markets on August 18, 2025. It was added that stockholders are not required to take any action as a result of the uplisting to Nasdaq.
