Summary by Moomoo AI
Velo3D, a leading metal additive manufacturing company, has announced a significant financial event involving the offering of 36,000,000 shares of common stock, accompanied by warrants to purchase up to an additional 36,000,000 shares. The offering is structured such that each share of common stock will be sold with one warrant, immediately separable upon issuance but purchased together. The public offering price per share and accompanying warrant is set at $0.50. The warrants are exercisable at a price of $0.565 per share and will expire five years from the date of issuance. This prospectus supplement, along with the accompanying prospectus, also covers the shares of common stock issuable upon the exercise of the warrants sold in this offering. Velo3D's common stock is listed on the New...Show More