CAMPBELL, Calif.--(BUSINESS WIRE)-- Velo3D, Inc. (NYSE: VLD) (the "Company" or "Velo3D"), a leading metal additive manufacturing technology company for mission-critical parts, today announced that its board of directors has approved a 1-for-35 reverse stock split of the Company's common stock. The common stock will open for trading on the New York Stock Exchange ("NYSE") on Thursday, June 13, 2024, on a split-adjusted basis under the current trading symbol "VLD". In connection with the reverse stock split, the CUSIP numbers for the Company's common stock will change to 92259N 203. The reverse stock split is intended to enable Velo3D to regain compliance with the minimum share price required for continued listing on NYSE. The reverse stock split was approved by Velo3D's stockholders on June 10, 2024, with the final ratio determined by the Company's board of directors on June 10, 2024.
The Company will file an amendment to its certificate of incorporation with the Secretary of State of Delaware on June 12, 2024. The reverse stock split will not reduce the number of authorized shares of the Company's common stock, which will remain at 500,000,000, and will not change the par value of the common stock, which will remain at $0.00001 per share.
The 1-for-35 reverse stock split will automatically convert 35 current shares of Velo3D's common stock into one new share of common stock. Fractional shares will not be issued in connection with the reverse stock split. Each stockholder who would otherwise hold a fractional share of common stock as a result of the reverse stock split will receive one share of common stock in lieu of such fractional share. The reverse split will reduce the number of shares of outstanding common stock from approximately 297,064,857 shares to approximately 8,487,567 shares. Proportional adjustments also will be made to the exercise prices of Velo3D's outstanding stock options and warrants, and to the number of shares issued and issuable under Velo3D's outstanding equity-based awards.
Continental Stock Transfer & Trust Company ("Continental") will act as the transfer agent for the reverse stock split. Stockholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to brokers' particular processes, and will not be required to take any action in connection with the reverse stock split.
Additional information concerning the reverse stock split can be found in the Company's definitive proxy statement on Schedule 14A filed with the SEC on April 29, 2024.
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company's solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system—all of which are powered by Velo3D's Intelligent Fusion manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named as one of Fast Company's Most Innovative Companies for 2023. For more information, please visit Velo3D.com, or follow the company on LinkedIn or Twitter.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements concerning expectations regarding the effect of the reverse stock split including its impact on the stock price and continued listing on the NYSE. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 3, 2024, and other documents filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. We do not give any assurance that we will achieve our expectations.
Velo, Velo3D, Sapphire, and Intelligent Fusion, are registered trademarks of Velo3D, Inc. Without Compromise, Flow and Assure, are trademarks of Velo3D, Inc.
All Rights Reserved Velo3D, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240610095022/en/
Media Contact:
Dan Sorensen, Senior Director of Public Relations
press@velo3d.com
Investor Relations:
Bob Okunski, VP Investor Relations
investors@velo3d.com
Source: Velo3D
Released June 11, 2024
加利福尼亚州坎贝尔市--(BUSINESS WIRE)--Velo3D,Inc. (纽交所:VLD),领先的金属增材制造技术公司,为关键任务部件提供服务,今天宣布其董事会已经批准了公司的普通股进行1:35的逆向股份拆分。普通股将在2024年6月13日星期四在纽约证券交易所(NYSE)以调整后的价格开盘交易,交易代码仍然为“VLD”。根据逆向股票拆分,公司普通股的CUSIP号码将变更为92259N 203。逆向拆分旨在使Velo3D恢复符合纽交所继续上市所需的最低股价要求。逆向拆分于2024年6月10日获得了Velo3D的股东批准,最终比例于2024年6月10日由公司的董事会确定。
公司将于2024年6月12日向特拉华州州务卿提交其公司章程的修正案。股票拆分不会降低公司普通股的授权股份数量,授权股份数量将保持为5亿股,也不会改变普通股的面值,面值将保持每股0.00001美元。
这次1股换35股的股票拆分将自动将35股盛世企业普通股转换成1股新普通股。与股票拆分有关的碎股不会发行。每个本应由于股票拆分而持有碎股的股东将获得一股普通股以替代这些碎股。反向拆分将把盛世企业的已发行普通股数从约2.9706亿股减少到约848.7567万股。盛世企业的未到期期权和认股权证的行权价格及其可发行和可发行的股票数量也将进行比例调整。
大陆股份转让信托公司("大陆")将担任这次股票拆分的转让代理。以电子记账形式持有股份的股东无需采取任何措施即可收到拆分后的股票。通过银行、经纪人或其他代理人持有股份的股东将自动调整其持股份额以反映股票拆分,但须遵循经纪人的特定程序,无需在股票拆分期间采取任何措施。
有关本次股票拆分的更多信息可在公司于2024年4月29日向美国证券交易委员会("SEC")提交的14A表格中找到。
关于盛世企业:
盛世企业是一家金属3D打印技术公司。3D打印技术,亦称为增材制造(AM),具有改善高价值金属部件制造方式的独特能力。然而,自其近30年前发明以来,传统的金属AM在其功能上受到严重限制。这阻碍了技术的使用范围,限制其只能用于限定领域,在其功能受限的情况下,制造最具价值和最有效的部件。
Velo3D已经克服了这些限制,以使工程师能够设计和打印他们想要的零件。该公司的解决方案释放了广泛的设计自由,并使太空探索、航空、发电、能源和半导体行业的客户在各自的行业里面创新未来。使用Velo3D,这些客户现在可以制造以前无法制造的关键任务金属零件。这完全集成的解决方案包括Flow打印准备软件,Sapphire家族的打印机和Assure质量控制系统,所有这些都由Velo3D的Intelligent Fusion制造过程驱动。该公司于2018年交付了其第一台Sapphire系统,并已成为innovators如spaceX,霍尼韦尔,本田,Chromalloy和Lam Research的战略合作伙伴。Velo3D被评为快公司2023最具创新性的公司之一。有关更多信息,请访问Velo3D.com,或关注公司的LinkedIn: Fast Company的最具创新性的公司之一。Velo3D.com,或在LinkedIn上关注公司: LinkedIn或。推特.
前瞻性声明:
本新闻稿包含某些前瞻性声明,这些声明涉及关于股票拆分的预期,包括其对股价和在纽交所继续上市的影响。这些前瞻性声明一般可通过"相信"、"计划"、"期望"、"预计"、"估计"、"打算"、"策略"、"未来"、"机会"、"计划"、"可能"、"应该"、"将"、"将会"、"将继续"、"可能会导致"等类似表达方式进行识别。前瞻性声明是关于未来事件的预测、投影和其他陈述,基于目前的期望和假设,并因此受到风险和不确定性的影响。许多因素可能会导致实际未来事件与本新闻稿中的前瞻性声明存在实质性差异。您应该仔细考虑我们于2023年12月31日结束的财年提交US SEC审查的10-K表格中的"风险因素"部分以及我们不时提交给SEC的其他文件中所述的风险和不确定性。这些提交确定并解决了可能导致实际事件和结果与前瞻性声明所述事件和结果存在实质性差异的其他重要风险和不确定性。前瞻性声明仅在其发表时有效。我们提醒读者不要过分依赖前瞻性声明,我们也不承诺更新或修订这些前瞻性声明,无论是因为新信息、未来事件还是其他原因。我们不保证我们将实现我们的预期。
Velo、Velo3D、Sapphire和Intelligent Fusion是盛世企业的注册商标。Without Compromise、Flow和Assure是盛世企业的商标。保留所有权利;盛世企业,Inc.
所有权利已保留 Velo3D, Inc.
请查看商业线(businesswire.com)的源版本。https://www.businesswire.com/news/home/20240610095022/en/
媒体联系人:
公共关系高级董事Dan Sorensen
press@velo3d.com
投资者关系:
投资者关系副总裁Bob Okunski
investors@velo3d.com
来源:Velo3D
2024年6月11日发布