Velo3D prices $12M public offering of 34.3M shares and warrants at $0.35/unit

Velo3D, Inc.

Priced 34,285,715 common shares and warrants (each exercisable at $0.35, 5-year term) at $0.35 per unit for gross proceeds of ~$12M.
Net proceeds to fund working capital, capex, and repayment of senior secured notes due 2026.
Closing expected on April 12, 2024; A.G.P./Alliance Global Partners serves as placement agent with a 7% cash fee and 1,714,286 placement agent warrants at $0.385.
Directors and officers agreed to a 90-day lock-up on their Velo3D securities following closing.
Offering conducted under effective shelf registration statement (File No. 333-268346) filed November 2022.

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 Purchase Agreements with certain investors valued at approximately $12 million (effective 2024-04-10).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: approximately $12 million
Effective: 2024-04-10

Exact text from the filing

On April 10, 2024, Velo3D, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain investors (collectively, the “Purchasers”).

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

Velo3D, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at 7.0% of the aggregate purchase price (effective 2024-04-10).

Action: entry
Agreement: underwriting
Counterparty: A.G.P./Alliance Global Partners
Value: 7.0% of the aggregate purchase price
Effective: 2024-04-10

Exact text from the filing

on April 10, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (the “Placement Agent”).

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419 material agreements filed in the last 30 days. Browse all material agreements →

Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001825079-24-000012

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