Velo3D opens at $2.81 after uplisting to Nasdaq

Velo3D (VELO), a provider of additive manufacturing technologies for mission-critical metal parts, priced a firm commitment underwritten public offering of 5,833,333 shares of its common stock at $3.00 per share. The company intends to use the net proceeds from the offering for working capital, capital expenditures and general corporate purposes. The company’s common stock commenced trading on the Nasdaq Capital Market under the ticker symbol “VELO”. Lake Street Capital Markets is acting as the sole book-running manager for the offering.