Velo3D Announces $30M PIPE Financing Issuing ~3.6M Shares At $8.25/Share

The offering is led by a $20 million investment from a new fundamental institutional investor with additional participation from a large existing institutional shareholder

FREMONT, Calif., Dec. 22, 2025 /PRNewswire/ -- Velo3D, Inc. (NASDAQ:VELO), a leading additive manufacturing technology company for mission-critical metal parts (the "Company"), today announced that it has entered into a securities purchase agreement with two fundamental institutional investors to raise $30 million of gross proceeds via a private investment in public equity ("PIPE") transaction. The Company intends to use the net proceeds from the offering for general corporate purposes and capital expenditures to meet growing demand for its offerings, including Rapid Production Services (RPS) serving the space and defense sectors.

Under the terms of the securities purchase agreement, the Company will issue, for an aggregate purchase price of $30 million, a total of approximately 3.6 million shares of common stock, par value $0.00001 of the Company, at a price of $8.25 per share. The closing of the PIPE is subject to customary closing conditions for a financing of this nature and is expected to close on or about December 23, 2025.