JAWS Spitfire Acquisition in an 8-K filing said its shareholders vote in favor of combining with metals printing company VELO3D .
The SPAC disclosed that 18,215,868 Class A ordinary shares were redeemed. As a result, there will be approximately $162.8 million remaining in the trust account.
Announced in March, the deal was originally expected to provide up to $500 million in cash, including proceeds from a $155 million PIPE led by Baron Capital Group and Hedosophia.
VELO3D agreed to waive the minimum $350 million cash at closing condition in order to seal the deal, according to the filing.
VELO3D is expected to list on the NYSE under VLD. Read more.
