Velo3D tumbles on $50 mln direct stock deal

Velo3D

27/04/2026 14:11

** Shares of 3D-printing tech firm Velo3D VELO.O tumbles 13% before the bell at $15.10 on $50 mln equity raise

** Fremont, California-based firm VELO sells ~3.57 mln shares in registered direct offering at $14

** Offering price represents 19.4% discount to stock's last sale of $17.36 on Fri

** Co intends to use net offering proceeds for working capital and general purposes

** Cantor Fitzgerald sole bookrunner

** VELO has ~26.2 mln shares outstanding

** Through Fri, shares up 26% YTD including 85% surge this month

** Lake Street Capital Markets rates the stock "buy" with $18 PT and Lucid Capital Markets also has "buy" recommendation with $25 PT, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))