Velo3D Goes Public Following Merger With Jaws Spitfire
The combined company will now operate as Velo3D, and shares of its common stock have begun trading on the New York Stock Exchange under the ticker symbol “VLD.”
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Velo3D Inc. has announced shares of its common stock have begun trading on the New York Stock Exchange under the ticker symbol “VLD” following its merger with Jaws Spitfire Acquisition Corporation. The combined company will now operate as Velo3D and will be led by CEO and Founder Benny Buller. According to the company, the merger will fuel the Velo3D’s next stage of growth.
Velo3D’s end-to-end additive manufacturing solutions are utilized by innovative companies around the world, including SpaceX, Honeywell, Boom Supersonic, Chromalloy and Lam Research. According to Velo3D, these customers use its technology to reduce complex products down to single parts with better performance and less overall weight. The company claims that mission-critical parts can be produced at a fraction of the time and cost of legacy manufacturing approaches.
“Becoming a public company is a significant milestone for Velo3D, however, this is merely a means to help us with what our team aims to accomplish,” said Benny Buller, CEO and founder at Velo3D. “Velo3D’s end-to-end additive manufacturing solution is redefining what’s possible for the production of mission-critical metal parts. We will continue to push the limits of additive manufacturing technology so our customers can innovate without compromise. I would like to thank the entire Velo3D team for making all of this possible.”
Velo3D will ring the closing bell at the New York Stock Exchange on October 7, 2021, at 4:00 p.m. ET to celebrate its debut as a publicly-traded company. A livestream of the event will be broadcast live on NYSE’s website.
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