Velo3D (a company specializing in metal additive manufacturing/3D printing technologies for mission-critical parts) went public via a SPAC merger rather than a traditional IPO.
- In March 2021, it announced a merger with JAWS Spitfire Acquisition Corporation (a SPAC backed in part by Serena Williams).
- The deal valued Velo3D at approximately $1.6 billion (pro forma enterprise value).
- It closed in September 2021, with the combined company trading on the NYSE under the ticker VLD starting September 30, 2021.
- In August 2025, Velo3D announced a $17.5 million public offering of common stock (priced at $3.00 per share) and uplisted to the Nasdaq Capital Market.
- Trading began on Nasdaq on August 19, 2025, under the new ticker VELO.
This 2025 event is sometimes referred to as a "Nasdaq IPO" or relisting in media coverage, involving a public offering alongside the exchange switch from prior OTC/NYSE status.
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