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Velo3D announces public offering proposal for undisclosed amount
Additive Manufacturing
Apr 9, 2024
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Additive Manufacturing

Additive Manufacturing

Apr 9, 2024

Velo3D announces public offering proposal for undisclosed amount

Funding

  • Velo3D, a provider of metal 3D printing, has proposed a public offering of its common stock and warrants for an undisclosed amount. The company stated that the terms and timeline will depend on the market conditions.

  • The company plans to use the proceeds of the sale for working capital, capital expenditures, and other general corporate needs, including repayment of the company’s senior secured notes due 2026 and other permitted debts.

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