secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0000950170-24-083199
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D receives NYSE delisting notice; avg market cap $36.6M, equity deficit $45.5M
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- Received NYSE notice on July 8 for failing continued listing standard under Section 802.01B.
- 30-day avg market cap $36.6M as of July 5; stockholders' deficit ($45.5M) as of March 31.
- Will submit a compliance plan within 45 days; NYSE may allow up to 18-month cure period.
- As of June 28, stock price above $1 threshold, so price compliance regained.
- No immediate delisting; stock continues trading under VLD with '.BC' indicator.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000095017024083199/0000950170-24-083199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000095017024083199/vld-20240708.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-083199

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