Velo3D, Inc. announced a $30 million private placement of common stock through a securities purchase agreement.
The funds raised will be used for general corporate purposes and capital expenditures to meet growing demand, especially in the space and defense sectors.
The private placement is set to close on or about December 23, 2025, subject to customary closing conditions.
Private Placement Details
Approximately 3.6 million shares of common stock will be issued at $8.25 per share, raising $30 million in gross proceeds.
Investor Endorsement
New fundamental institutional investor and existing institutional shareholder's investment signals confidence in Velo3D's trajectory.
Strategic Vision
CEO Arun Jeldi emphasizes the importance of faster and resilient supply chains in defense and space sectors, highlighting the strategic significance of the investment.
- The private placement provides Velo3D with capital to enhance its capabilities and expand its offerings.
- Collaboration with new institutional investors may open doors for strategic partnerships and growth opportunities.
Velo3D's successful private placement highlights investor confidence in the company's future and its role in the evolving space and defense industries. The capital raised positions Velo3D to further innovate and meet the increasing demand for its advanced manufacturing technology.