other material
confidence high
sentiment neutral
materiality 0.60
Velo3D stockholders approve 1-for-35 reverse stock split; effective June 13, 2024
Velo3D, Inc.
- Reverse stock split at 1-for-35 ratio approved by board and stockholders; effective June 13, 2024; new CUSIP 92259N 203.
- Public warrants adjusted: each warrant now exercisable for 1/35 share at $402.50; similar adjustments for other warrants.
- Stockholders also ratified PricewaterhouseCoopers as independent auditor for FY 2024.
- Stockholders elected Bradley Kreger, Gabrielle Toledano, and Matthew Walters as Class III directors.
- Stockholders approved issuance of shares under Secured Notes and Additional Secured Convertible Notes per NYSE rules.