Velo3D, Inc. Implements Reverse Stock Split to Prepare for National Listing
On July 25, 2025, Velo3D, Inc., a prominent name in the additive manufacturing sector, made a significant announcement regarding a reverse stock split. The company's board of directors approved a 1-for-15 split for its common stock, which is crucial for its anticipated advancement towards listing on a national securities exchange.
The reverse split is set to take effect on July 28, 2025, and during this period, trading will temporarily shift to the OTCQX under the new ticker symbol 'VLDXD' for 20 days before reverting back to 'VLDX'. This change comes with an updated CUSIP number (92259N 302) for the company's common stock, although it won’t alter the total number of authorized shares, which remains at 500 million.
A key objective of this strategic move is to elevate the stock price to meet the necessary criteria for listing on a national exchange, which has become increasingly important for Velo3D as it aims to expand its market presence. The decision to implement the reverse stock split was approved overwhelmingly by stockholders in a vote held on June 27, 2025, while the final ratio was established on July 18, 2025.
This reverse stock split will automatically convert every 15 existing shares into one new share, a process through which fractional shares will be rounded to one whole unit, effectively reducing the outstanding shares from approximately 211 million to about 14 million. Furthermore, adjustments to the exercise prices of Velo3D's stock options and warrants will also be made in correlation with this split.
Despite the intentions behind the reverse split to boost stock prices, there are no guarantees that the post-split stock price will fulfill the requirements for a national exchange listing. Velo3D has acknowledged the inherent risks associated with such projections, emphasizing that actual outcomes may differ from expectations significantly due to a variety of market factors.
Velo3D’s journey in the additive manufacturing sector is remarkable, as it specializes in producing mission-critical metal parts using advanced 3D printing technologies. This pioneering technology has traditionally faced limitations that restricted its application in various industries, including aerospace, energy, and semiconductor manufacturing. Velo3D's innovations have aimed to address these limitations, thereby enhancing the ability for engineers to design and fabricate essential components that were once deemed infeasible.
The company’s portfolio includes solutions like Flow print preparation software, the Sapphire printer series, and the Assure quality control system, all utilizing Velo3D's unique Intelligent Fusion manufacturing process. Their exemplary lead in the industry has attracted partnerships with notable firms such as SpaceX, Honeywell, and Honda, reinforcing their status as a pioneering force behind additive manufacturing for high-value parts.
Velo3D's commitment to innovation has been recognized, earning a spot in Fast Company's Most Innovative Companies for 2024. As the company marks this pivotal moment with the reverse stock split, it further emphasizes its readiness to take significant steps in enhancing its market position and advancing its technology.
For more updates, stakeholders are encouraged to check the latest filings, including the definitive proxy statements filed with the SEC on April 30, 2025, and a subsequent supplement on June 16, 2025, which provide detailed insights into this corporate action.
The reverse split is set to take effect on July 28, 2025, and during this period, trading will temporarily shift to the OTCQX under the new ticker symbol 'VLDXD' for 20 days before reverting back to 'VLDX'. This change comes with an updated CUSIP number (92259N 302) for the company's common stock, although it won’t alter the total number of authorized shares, which remains at 500 million.
A key objective of this strategic move is to elevate the stock price to meet the necessary criteria for listing on a national exchange, which has become increasingly important for Velo3D as it aims to expand its market presence. The decision to implement the reverse stock split was approved overwhelmingly by stockholders in a vote held on June 27, 2025, while the final ratio was established on July 18, 2025.
This reverse stock split will automatically convert every 15 existing shares into one new share, a process through which fractional shares will be rounded to one whole unit, effectively reducing the outstanding shares from approximately 211 million to about 14 million. Furthermore, adjustments to the exercise prices of Velo3D's stock options and warrants will also be made in correlation with this split.
Despite the intentions behind the reverse split to boost stock prices, there are no guarantees that the post-split stock price will fulfill the requirements for a national exchange listing. Velo3D has acknowledged the inherent risks associated with such projections, emphasizing that actual outcomes may differ from expectations significantly due to a variety of market factors.
Velo3D’s journey in the additive manufacturing sector is remarkable, as it specializes in producing mission-critical metal parts using advanced 3D printing technologies. This pioneering technology has traditionally faced limitations that restricted its application in various industries, including aerospace, energy, and semiconductor manufacturing. Velo3D's innovations have aimed to address these limitations, thereby enhancing the ability for engineers to design and fabricate essential components that were once deemed infeasible.
The company’s portfolio includes solutions like Flow print preparation software, the Sapphire printer series, and the Assure quality control system, all utilizing Velo3D's unique Intelligent Fusion manufacturing process. Their exemplary lead in the industry has attracted partnerships with notable firms such as SpaceX, Honeywell, and Honda, reinforcing their status as a pioneering force behind additive manufacturing for high-value parts.
Velo3D's commitment to innovation has been recognized, earning a spot in Fast Company's Most Innovative Companies for 2024. As the company marks this pivotal moment with the reverse stock split, it further emphasizes its readiness to take significant steps in enhancing its market position and advancing its technology.
For more updates, stakeholders are encouraged to check the latest filings, including the definitive proxy statements filed with the SEC on April 30, 2025, and a subsequent supplement on June 16, 2025, which provide detailed insights into this corporate action.
Topics Financial Services & Investing）
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