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Makes metal laser powder bed fusion printers and sells printed parts. Went public by SPAC in 2021, was pushed off the NYSE in 2024, handed 95 percent of its equity to its noteholder in a debt swap and returned to Nasdaq in 2025.

Announced its merger with JAWS Spitfire Acquisition Corp in Mar 2021 at 1.6 billion dollars of enterprise value. The 3D printing SPAC scoreboard sets that against what came next.

Status

Listed

Listing

NASDAQ: VELO

Technologies

Metal laser powder bed fusion

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1. 2021
   Sep 2021

   Lists on the NYSE through a SPAC

   Completed its merger with JAWS Spitfire Acquisition Corp on 29 September 2021 with about 274 million dollars in net proceeds, and began trading as VLD the next day.

   Source

2. 2024
   Sep 2024

   Pushed off the NYSE onto the OTCQX

   After falling below the NYSE market-capitalisation standard, it began trading over the counter as VLDX on 11 September 2024.

   Source

3. Dec 2024

   Noteholder takes 95 percent in a debt-for-equity swap

   Announced on 24 December 2024: Arrayed Notes Acquisition Corp exchanged about 22.4 million dollars of senior secured notes for 185,151,333 new shares.

   Source

4. 2025
   Aug 2025

   Returns to Nasdaq as VELO

   Began trading on the Nasdaq Capital Market on 19 August 2025 alongside a 17.5 million dollar public offering.

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5. 2025

   Revenue 46 million dollars, net loss 71.4 million

   Year-end cash was 39.0 million dollars, against 1.2 million a year earlier. Guidance for 2026 was 60 to 70 million dollars of revenue.

   Source

Informational only, not investment advice. Timeline entries are compiled by hand from public sources and can lag real events. Figures come from company reports and news, not from us. Private companies rarely publish financials; where a figure is not disclosed we say so instead of estimating it.