Jaws Spitfire Acquisition today filed an S-4 registration outlining terms of its deal to merge with VELO3D, a 3D metal printing technology company.
A shareholder meeting date has not been announced.
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. Read more.
