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Velo3D, Inc. Announces Reverse Stock Split

FREMONT, Calif., July 25, 2025 /PRNewswire/ -- Velo3D, Inc. (OTC:VLDX), a leading provider of additive manufacturing technologies for mission-critical metal parts, today announced that its board of directors has approved a 1-for-15 reverse stock split of the Company's common stock, par value $0.00001 per share. The common stock is expected to begin trading on the OTCQX on July 28, 2025, on a split-adjusted basis under the trading symbol "VLDXD" for 20 business days following such date, after which the symbol will return to "VLDX". In connection with the reverse stock split, the CUSIP number for the Company's common stock will change to 92259N 302. The reverse stock split is primarily intended to prepare for the potential listing of the Company's common stock on a national securities exchange. The reverse stock split was approved by Velo3D's stockholders on June 27, 2025, with the final ratio determined by the Company's board of directors on July 18, 2025.

The Company filed an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware on July 25, 2025. The reverse stock split will not reduce the number of authorized shares of the Company's common stock, which will remain at 500,000,000, and will not change the par value of the common stock, which will remain at $0.00001 per share.

The 1-for-15 reverse stock split will automatically convert every 15 current shares of Velo3D's common stock into one new ...