Velo3D signs equity distribution agreement for up to $100 million at-the-market offering
Velo3D
Velo3D VELO | 0.00 |
- Velo3D entered an at-the-market equity distribution agreement with Needham, Cantor Fitzgerald, Craig-Hallum to sell up to USD 100 million of common stock from time to time.
- Shares will be issued off an effective Form S-3 shelf registration statement, with a prospectus supplement dated May 15, 2026.
- Sales agents will receive a 3% commission on gross proceeds, with additional expense reimbursement.
- Proceeds earmarked for working capital, general corporate purposes.
- Company terminated its prior sales agreement with Needham dated Feb. 6, 2023, with no termination penalty.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velo3D Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023956), on May 15, 2026, and is solely responsible for the information contained therein.
