Velo3D enters into $40M at-the-market equity offering agreement with Needham

Velo3D, Inc.

Up to $40M of common stock may be sold from time to time through Needham & Company.
Needham receives 3.0% commission on gross proceeds from each sale of shares.
Sales made under existing effective shelf registration statement (File No. 333-268346).
Agreement contains customary representations, warranties, and indemnification provisions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Velo3D, Inc. entered into Sales Agreement with Needham & Company, LLC valued at up to $40 million (effective 2023-02-06).

Action: entry
Agreement: atm program
Counterparty: Needham & Company, LLC
Value: up to $40 million
Effective: 2023-02-06

Exact text from the filing

On February 6, 2023, Velo3D, Inc. (“Velo3D”) entered into a Sales Agreement (the “Sales Agreement”) with Needham & Company, LLC (“Needham”), as agent, pursuant to which Velo3D may offer and sell, from time to time through Needham, shares of its common stock, par value $0.00001 per share (the “Shares”).

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Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001825079-23-000003

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