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  • Jun 11, 2024

      Show headlines and story abstract
    • 8:00AM ET on Tuesday Jun 11, 2024 by Dow Jones
      Companies Mentioned: VLD
    • 8:00AM ET on Tuesday Jun 11, 2024 by Dow Jones
      Companies Mentioned: VLD
      CAMPBELL, Calif.--(BUSINESS WIRE)--June 11, 2024--
      Velo3D, Inc. (NYSE: VLD) (the "Company" or "Velo3D"), a leading metal additive manufacturing technology company for mission-critical parts, today announced that its board of directors has approved a 1-for-35 reverse stock split of the Company's common stock. The common stock will open for trading on the New York Stock Exchange ("NYSE") on Thursday, June 13, 2024, on a split-adjusted basis under the current trading symbol "VLD". In connection with the reverse stock split, the CUSIP numbers for the Company's common stock will change to 92259N 203. The reverse stock split is intended to enable Velo3D to regain compliance with the minimum share price required for continued listing on NYSE. The reverse stock split was approved by Velo3D's stockholders on June 10, 2024, with the final ratio determined by the Company's board of directors on June 10, 2024.

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