Mentioned:
Velo3D is one of the most exciting 3D printing companies in America. And now, they’ve officially made their Nasdaq debut.
What’s happening:
- Velo3D (NASDAQ: VELO) has successfully raised $17.5M USD through a new equity financing round and began trading on the Nasdaq
By the numbers:
- Velo3D issued 5.8M common shares at $3.00 USD per share as part of the new funding round
Why it matters:
- Velo3D’s flagship 3D printer known as the Sapphire 3D printer is capable of manufacturing complex, high performance metal parts that were previously impossible to produce through traditional additive manufacturing
Going deeper:
- Some of the largest private aerospace companies in the world already have existing contracts with Velo3D, including both SpaceX and Boom Hypersonic
- The United States Navy also just recently cut a new $6M USD deal with Velo3D in which Velo3D will use their Sapphire 3D printer to develop copper-nickel alloy to accelerate ship repairs
