VELO3D and JAWS Spitfire Acquisition today announced a definitive business combination agreement. The deal values VELO3D at a pro forma enterprise value of $1.6 billion and is expected to provide up to $500 million in cash, including proceeds from a $155 million PIPE led by Baron Capital Group and Hedosophia.
Pending shareholder approval, upon completion of the transaction, which is expected in the second half of 2021, the combined company will operate as VELO3D and will list on the NYSE under VLD.
VELO3D’s technology for 3D metal printing delivers quality control for serial production and enhanced part performance. Read more.
