Velo3D, Inc., has announced shares of its common stock have begun trading on the New York Stock Exchange under the ticker symbol ‘VLD’ following its merger with JAWS Spitfire Acquisition Corporation. The combined company will operate as Velo3D and will continue to be led by CEO and founder Benny Buller. The merger provides Velo3D with a total of $274 million in capital to fuel the company’s next stage of growth.
“Becoming a public company is a significant milestone for Velo3D – however, this is merely a means to help us with what our team aims to accomplish,” stated Benny Buller. “Velo3D’s end-to-end Additive Manufacturing solution is redefining what’s possible for the production of mission-critical metal parts. We will continue to push the limits of Additive Manufacturing technology so our customers can innovate without compromise. I would like to thank the entire Velo3D team for making all of this possible.”
Since its production launch in the fourth quarter of 2018, Velo3D’s revenue grew from $2 million in 2018 to $19 million in 2020. The company’s Sapphire® XC system, which is scheduled to begin shipping in Q4 2021, has a backlog of orders and pre-orders reportedly exceeding $80 million.
Velo3D will be ringing the closing bell at the NYSE on October 7, 2021, at 4:00 PM ET to celebrate its debut as a publicly traded company. A livestream of the event will be broadcast on NYSE’s website.