Velo3D, Inc. Receives Continued Listing Standards Notice from the NYSE
04 1월 2024 - 6:05AM
Business Wire
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced it
was notified on December 28, 2023 by the New York Stock Exchange
(“NYSE”) that the Company is not in compliance with Rule 802.01C of
the NYSE’s Listed Company Manual (“Rule 802.01C”) relating to the
minimum average closing price of the Company’s common stock
required over a consecutive 30 trading-day period. The notice does
not result in the immediate delisting of the Company’s common stock
from the NYSE.
The Company intends to notify the NYSE within 10 business days
of its intent to regain compliance with Rule 802.01C. The Company
can regain compliance at any time within the six-month cure period
if, on the last trading day of any calendar month during the cure
period, the common stock has a closing share price of at least
$1.00 and an average closing share price of at least $1.00 over the
30 trading-day period ending on the last trading day of that month.
The Company fully intends to remain listed on the NYSE, and will
consider the best available alternatives, including, but not
limited to, a reverse stock split, subject to stockholder approval,
if necessary to regain compliance.
The Company’s common stock will continue to be listed on the
NYSE during the six-month cure period, subject to the Company’s
compliance with other NYSE continued listing requirements.
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D
printing—also known as additive manufacturing (AM)—has a unique
ability to improve the way high-value metal parts are built.
However, legacy metal AM has been greatly limited in its
capabilities since its invention almost 30 years ago. This has
prevented the technology from being used to create the most
valuable and impactful parts, restricting its use to specific
niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design
and print the parts they want. The company’s solution unlocks a
wide breadth of design freedom and enables customers in space
exploration, aviation, power generation, energy, and semiconductor
to innovate the future in their respective industries. Using
Velo3D, these customers can now build mission-critical metal parts
that were previously impossible to manufacture. The fully
integrated solution includes the Flow print preparation software,
the Sapphire family of printers, and the Assure quality control
system—all of which are powered by Velo3D’s Intelligent Fusion
manufacturing process. The company delivered its first Sapphire
system in 2018 and has been a strategic partner to innovators such
as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D
has been named as one of Fast Company’s Most Innovative Companies
for 2023. For more information, please visit Velo3D.com, or follow
the company on LinkedIn or Twitter.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1996. The Company’s actual
results may differ from its expectations, estimates and projections
and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect”,
“estimate”, “project”, “budget”, “forecast”, “anticipate”,
“intend”, “plan”, “may”, “will”, “could”, “should”, “believes”,
“predicts”, “potential”, “continue”, and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, statements
regarding the Company’s ability to regain compliance with Rule
802.01C within the applicable cure period, the Company’s ability to
comply with applicable listing standards of the NYSE and the
Company’s other expectations, hopes, beliefs, intentions, or
strategies for the future. These forward-looking statements involve
significant risks and uncertainties that could cause the actual
results to differ materially from the expected results. You should
carefully consider the risks and uncertainties described in the
documents filed by the Company from time to time with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Most of these factors are outside the Company’s control and are
difficult to predict. The Company cautions not to place undue
reliance upon any forward-looking statements, including
projections, which speak only as of the date made. The Company does
not undertake or accept any obligation to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions,
or circumstances on which any such statement is based.
Velo, Velo3D, Sapphire, and Intelligent Fusion, are registered
trademarks of Velo3D, Inc. Without Compromise, Flow and Assure, are
trademarks of Velo3D, Inc.
All Rights Reserved © Velo3D, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240103346147/en/
Media Contact: Dan Sorensen, Senior Director of Public Relations
press@velo3d.com
Investor Relations: Bob Okunski, VP Investor Relations
investors@velo3d.com
Velo3D (NYSE:VLD)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Velo3D (NYSE:VLD)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024