Velo3D Raises $17.5M in Nasdaq IPO, Prices at $3.00 per Share

Velo3D, a provider of additive manufacturing technologies, priced a firm commitment underwritten public offering of 5.8 million shares at $3.00 per share. The company will use the net proceeds for working capital, capital expenditures, and general corporate purposes. The stock commenced trading on the Nasdaq Capital Market under the ticker symbol "VELO" with an opening price of $2.81.

Velo3D, Inc., a leading provider of additive manufacturing technologies for mission-critical metal parts, has priced a firm commitment underwritten public offering of 5,833,333 shares at $3.00 per share. The company will use the net proceeds for working capital, capital expenditures, and general corporate purposes [1].

The offering, which is expected to raise approximately $17.5 million, is being managed by Lake Street Capital Markets, LLC, as the sole book-running manager. The underwriters have been granted a 30-day option to purchase up to an additional 875,000 shares at the public offering price, less underwriting discounts and commissions [1].

Velo3D's common stock is expected to commence trading on the Nasdaq Capital Market under the ticker symbol "VELO" on August 19, 2025, subject to continued compliance with Nasdaq rules. The stock opened at $2.81 on its first trading day [1].

Prior to this offering, Velo3D was delisted from the New York Stock Exchange (NYSE) in September 2024 due to falling below the NYSE's continued listing standard requiring an average global market capitalization of at least $15 million over a 30-trading-day period. The company faced financial uncertainty and underwent a strategic review, resulting in Arrayed Additive acquiring 95% of the company's outstanding common shares and appointing Arun Jeldi as CEO [2].

Under the new leadership, Velo3D has shifted its focus to contract manufacturing services through its Rapid Production Services (RPS), which offers scalable metal additive manufacturing capabilities for industrial customers. The company has also secured several high-profile deals, including a $22 million exclusive deal with Australian metal AM specialist Amaero and defense partnerships with Ohio Ordnance Works and the U.S. Naval Air Systems Command [2].

This public offering and Nasdaq uplisting come at a time when public offerings remain a popular way for additive manufacturing companies to raise capital. Earlier this year, Australian rapid-welding technology company K-Tig announced a public offering to raise between $7 million and $10 million, and medtech company Carlsmed Inc. successfully raised $100.5 million in an IPO [3].

References:
[1] https://www.nasdaq.com/articles/velo3d-prices-175-mln-public-offering-plans-nasdaq-uplisting
[2] https://www.voxelmatters.com/velo3d-is-back-with-nasdaq-ipo-for-17-5-million/
[3] https://3dprintingindustry.com/news/velo3d-joins-the-nasdaq-amid-new-17-5m-public-offering-243288/