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Velo3D Stock Soars 26.19% on Public Offering
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 20, 2025 4:28 am ET1min read
Aime SummaryOn August 20, 2025, Velo3D's stock surged by 26.19% in pre-market trading, marking a significant rise in investor interest and confidence in the company's future prospects.
Velo3D has recently announced a $17.5 million public offering of common stock, with plans to uplist to the Nasdaq Capital Market. The company is offering 5,833,333 shares at $3.00 per share, with trading expected to commence on August 19, 2025, under the ticker symbol "VELO".
This move is part of Velo3D's strategy to raise capital for working capital, capital expenditures, and general corporate purposes. The company has granted Lake Street Capital Markets a 30-day option to purchase up to 875,000 additional shares, further indicating the strong demand for Velo3D's stock.
The uplisting to Nasdaq is a significant milestone for
, as it provides greater visibility and liquidity for the company's shares. This, combined with the successful public offering, suggests that Velo3D is well-positioned to capitalize on growing market opportunities and investor interest.
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