VLD - Why Velo3D Stock Is Tumbling Thursday | Benzinga
Velo3D Inc (NYSE: VLD) shares are trading lower Thursday after the company announced a registered direct offering.
What Happened: Velo3D said it entered into securities purchase agreements with an existing lender of the company and new institutional investors for the purchase and sale of 36 million shares and warrants to purchase up to 36 million shares at an offering price of 50 cents per share.
The warrants are immediately exercisable for $0.565 per share and are set to ...