---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-130865"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:12:49.705844+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial enters into ATM equity distribution agreements for up to $50M in common stock

## Summary
- Entered separate Equity Distribution Agreements with BTIG, LLC and Virtu Americas LLC for at-the-market offering of common stock.
- Maximum aggregate offering amount is $50M or 4,000,000 shares, reduced by prior sales of 38,880 shares ($512,931).
- Commissions to placement agents not to exceed 2.0% of gross sales price per share.
- Net proceeds expected to be used for general corporate purposes, including loan origination, debt repayment, and working capital.
- Prior agreement with Virtu Americas LLC superseded; agreement with JMP Securities LLC terminated.

## SEC filing metadata
- accession: 0001193125-24-130865
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000119312524130865/0001193125-24-130865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000119312524130865/d766372d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-130865
- JSON: https://secwatch.observer/filing/0001193125-24-130865.json
- Plain text: https://secwatch.observer/filing/0001193125-24-130865.txt

## Key facts
- Material Agreements
  Velocity Financial, Inc. entered into Equity Distribution Agreements with BTIG, LLC and Virtu Americas LLC valued at up to $50,000,000 (effective 2024-05-03).
  - Action: entry
  - Agreement: atm program
  - Counterparty: BTIG, LLC and Virtu Americas LLC
  - Value: up to $50,000,000
  - Effective: 2024-05-03
  source text: On May 3, 2024, Velocity Financial, Inc. (the “Company”), entered into separate Equity Distribution Agreements (the “Equity Distribution Agreements”) by and between the Company, on the one hand, and each of BTIG, LLC and Virtu Americas LLC (each, a “Placement Agent” and collectively, the “Placement Agents”), on the other hand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000119312524130865/0001193125-24-130865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.