VLD - Why Velo3D (VLD) Shares Are Trading Lower | Benzinga

Velo3D Inc (NYSE:VLD) shares are trading lower by 10.7% to $0.13 during Tuesday’s session after the company announced a 1-for-35 reverse stock split of its common stock.

The stock will trade on the NYSE on a split-adjusted basis starting June 13, under the symbol “VLD”. This reverse stock split aims to help Velo3D meet the NYSE’s minimum share price requirements.

The reverse split was approved by shareholders and finalized by the board on June 10.

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