VELO3D, a Leader in the Rapidly Growing, High Value Metal Additive Manufacturing Market, to Become Public Company
Merger with JAWS Spitfire Acquisition Corporation Values VELO3D at a Pro Forma Enterprise Value of $1.6 Billion and is Expected to Provide up to $500 Million in Cash Proceeds
Transaction Positions VELO3D for Robust Growth in an Expanding Market
VELO3D’s Proprietary Manufacturing Solution Enables Production of Critical Components for Innovative Customers Including SpaceX, Honeywell, Boom Supersonic, Chromalloy, and Lam Research
PIPE of $155 Million Led By Baron Capital Group and Hedosophia
Bessemer Venture Partners, Khosla Ventures, Playground and Piva Expected to Retain Equity Holdings in VELO3D and Continue Partnership with Management