BOSTON – Troutman Pepper Locke advised Velo3D, Inc. (NASDAQ: VELO), a leading provider of additive manufacturing and 3D printed technologies for mission-critical metal parts, in its securities purchase agreement with two institutional investors to raise $30 million in gross proceeds via a private investment in public equity (PIPE) transaction at a price of $8.25 per share of its common stock. Velo3D intends to use the net proceeds from the offering for general corporate purposes and capital expenditures to meet growing demand for its offerings, including rapid production services, serving the space and defense sectors. For more information, see the press release.
The Troutman Pepper Locke team that advised Velo3D was led by Tom Rose, Alex Yarbrough, Nicole Edmonds, Jack Taylor, and Grace Fortmann.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for clients ranging from industry-leading, Fortune 100 corporations to emerging companies. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
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