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The latest update is out from Velo3D (VLD).
Velo3D, Inc. is set to strengthen its financial position through a securities offering scheduled for April 12, 2024, with the expectation of raising $12 million. The deal includes the sale of over 34 million shares and equivalent warrants at $0.35 each, aiming to bolster the company’s working capital and fund corporate expenditures. Velo3D has also engaged A.G.P./Alliance Global Partners as the placement agent, which will receive a cash fee and additional warrants for their services. This strategic financial move is supported by lock-up agreements from the company’s directors and officers, ensuring commitment to the company’s growth.
See more data about VLD stock on TipRanks’ Stock Analysis page.