other material
confidence high
sentiment neutral
materiality 0.60
Velo3D increases ATM equity offering capacity from $40M to $75M
Velo3D, Inc.
- As of Jan 31, 2024, company has sold shares for gross proceeds of $24.6M under existing ATM program.
- Amended prospectus supplement increases aggregate offering amount to $75M from $40M.
- Sales agreement with Needham & Company remains in place; shares sold through Needham as agent.
- Proceeds from future sales will be used for general corporate purposes.