other_material
confidence high
sentiment neutral
materiality 0.70
Velo3D enters up to $100M at-the-market equity sales agreement with three agents
Velo3D, Inc.
- Entered into Sales Agreement with Needham, Cantor Fitzgerald, and Craig-Hallum for at-the-market offering of up to $100M of common stock.
- Sales agents to receive 3% commission on gross proceeds from sales of shares.
- Terminated prior sales agreement with Needham dated February 2023; no penalties.
- Company intends to use net proceeds for working capital and general corporate purposes.
item 1.01item 1.02item 9.01