Summary by Moomoo AI
Velo3D, Inc. has filed an Amendment No. 1 to its Prospectus Supplement, initially dated December 27, 2023, which is part of a registration statement effective as of November 21, 2022. This amendment, dated August 14, 2024, pertains to the registration of 1,028,572 shares of common stock and an equal number of warrants to purchase common stock. The amendment follows a 1-for-35 reverse stock split effected on June 13, 2024, and adjusts all shares and exercise prices accordingly. Additionally, on August 12, 2024, Velo3D amended the exercise price of certain existing warrants from $19.78 to $2.28 per share, which are part of a registered direct offering transaction known as the December Placement. The company's common stock is traded on the New York Stock Exchange under the symbol 'VLD', and the closing price on August 12, 2024, was $2.28 per share. The amendment is intended to be read in conjunction with the original Prospectus, and it is noted that investing in the company's securities involves a high degree of risk.
