Velo3D to sell 3.6M shares at $8.25 in private placement

Velo3D (VELO) announced that it has entered into a securities purchase agreement with two fundamental institutional investors to raise $30M of gross proceeds via a private investment in public equity transaction. Under the terms of the securities purchase agreement, the company will issue, for an aggregate purchase price of $30M, a total of approximately 3.6M shares of common stock at a price of $8.25 per share. The closing of the PIPE is subject to customary closing conditions for a financing of this nature and is expected to close on or about December 23, 2025. Lake Street Capital Markets and Lucid Capital Markets are acting as Placement Agents for the PIPE.